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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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...