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Full-Text Articles in Antitrust and Trade Regulation
Antitrust, Competition Policy, And Inequality, Jonathan B. Baker, Steven C. Salop
Antitrust, Competition Policy, And Inequality, Jonathan B. Baker, Steven C. Salop
Georgetown Law Faculty Publications and Other Works
Economic inequality recently has entered the political discourse in a highly visible way. This political impact is not a surprise. As the U.S. economy has begun to recover from the Great Recession since mid-2009, economic growth has effectively been appropriated by those already well off, leaving the median household less well off. The serious economic, political and moral issues raised by inequality can be addressed through a panoply of public policies including competition policy, the focus of this article. The article describes the channels through which market power contributes to inequality, and sets forth a range of possible antitrust policy …
Guiding Section 5: Comments On The Commissioners, Steven C. Salop
Guiding Section 5: Comments On The Commissioners, Steven C. Salop
Georgetown Law Faculty Publications and Other Works
FTC Commissioners Joshua Wright and Maureen Ohlhausen have proposed that the Commission adopt Guidelines for the application of Section 5 to Unfair Methods of Competition. This short note comments on the role of Section 5 distinct from the Sherman Act. It suggests that Section 5 be used to attack and deter certain conduct that falls into gaps of the Sherman Act. This includes exclusionary unilateral conduct that likely leads to the achievement, enhancement, or maintenance of market power (as opposed to monopoly power). It also includes unilateral conduct such as invitations to collude and other practices that facilitate conscious …