Sean May is a panelist on the session entitled, “Cutting Edge Economics for Future Merger Cases.” The FTC has succeeded in persuading judges that under a twostage competition model, relevant geographic markets in provider merger cases should be narrow. Is this right? Does that model overlook economic realities? And is the notion that a merger between providers in non-overlapping product or geographic markets might still be anticompetitive ready for prime time? This panel will explore these and other issues at the boundaries of current economic thinking.
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What happens when AI sets wages
The authors fed 60,000 freelancer profiles into eight widely used LLMs, asking each model to recommend an hourly rate. From hourly wage setting to testing for...