Michael Salinger and Sean Durkin worked with The Clearing House, an association of 24 of the largest US banks, to make a presentation to the Antitrust Division about its new Real Time Payment System. The Antitrust Division subsequently issued a business letter indicating that it had no intention of challenging the system or the rules and payments underlying it as antitrust violations.
Trends in competition in the United States: what does the evidence show?
Has the United States economy become less competitive in recent decades? One might think so based on a body of research that has rapidly become influential for...