ICLE Comments, Whether the U.S. Economy Has Become More Concentrated and Less Competitive

FTC Project No. P181201

13 Pages Posted: 10 Jun 2019

See all articles by Dirk Auer

Dirk Auer

International Center for Law & Economics (ICLE)

Justin (Gus) Hurwitz

University of Nebraska at Lincoln - College of Law; International Center for Law & Economics (ICLE)

Geoffrey A. Manne

International Center for Law & Economics (ICLE)

Julian Morris

International Center for Law and Economics; Reason Foundation; IEA, Institute of Economic Affairs, U.K.

Kristian Stout

International Center for Law & Economics (ICLE)

Date Written: October 14, 2018

Abstract

These comments were submitted to the FTC as part of its hearings on “Competition and Consumer Protection in the 21st Century.” In these comments, we note three high level points: (1) Antitrust policy must avoid the simplistic inference of competitive effects from market structure; (2) HHIs are insufficient to guide decisions regarding the likely competitive effects of mergers; and (3) that simplistic inferences of competitive effects based on theoretical or econometric evidence from other industries are inappropriate and unpersuasive.

Keywords: Antitrust, FTC, FTC Reform

Suggested Citation

Auer, Dirk and Hurwitz, Justin (Gus) and Manne, Geoffrey and Morris, Julian and Stout, Kristian, ICLE Comments, Whether the U.S. Economy Has Become More Concentrated and Less Competitive (October 14, 2018). FTC Project No. P181201. Available at SSRN: https://ssrn.com/abstract=3384400 or http://dx.doi.org/10.2139/ssrn.3384400

Dirk Auer

International Center for Law & Economics (ICLE) ( email )

5005 SW Meadows Rd.
Suite 300
Lake Oswego, OR 97035
United States

HOME PAGE: http://https://laweconcenter.org/author/dirkauer/

Justin (Gus) Hurwitz

University of Nebraska at Lincoln - College of Law ( email )

103 McCollum Hall
P.O. Box 830902
Lincoln, NE 68583-0902
United States

International Center for Law & Economics (ICLE) ( email )

5005 SW Meadows Rd.
Suite 300
Lake Oswego, OR 97035
United States

Geoffrey Manne (Contact Author)

International Center for Law & Economics (ICLE) ( email )

2117 NE Oregon St.
Suite 501
Portland, OR 97232
United States
503-770-0076 (Phone)

HOME PAGE: http://www.laweconcenter.org

Julian Morris

International Center for Law and Economics ( email )

2117 NE Oregon St. Ste 501
Portland, OR 97232
United States

HOME PAGE: http://https://laweconcenter.org/author/julianmorriss/

Reason Foundation ( email )

United States

HOME PAGE: http://www.reason.org

IEA, Institute of Economic Affairs, U.K.

2 Lord North Street
London SW1P 3LB
United Kingdom

Kristian Stout

International Center for Law & Economics (ICLE) ( email )

2117 NE Oregon St.
Ste 501
Portland, OR Oregon 97232
United States
5037700076 (Phone)
5037700076 (Fax)

HOME PAGE: http://www.laweconcenter.org

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