Economics at the Antitrust Division: 2017–2018
Luke Froeb,
Russell Pittman,
Charles S. Taragin,
Steven Tschantz and
Gregory J. Werden ()
Additional contact information
Charles S. Taragin: U.S. Department of Justice
Steven Tschantz: Vanderbilt University
Gregory J. Werden: U.S. Department of Justice
Review of Industrial Organization, 2018, vol. 53, issue 4, No 4, 637-651
Abstract:
Abstract This article describes some of the work of Antitrust Division economists over the past year, with a focus on modeling. It begins by illustrating the mapping from evidence to prediction using tools for assessing the effects of mergers using Bertrand, Cournot, and auction models. It then turns to two hot topics in competition policy: the implications of claims of increasing margins for merger enforcement and the validity of claims of increasing concentration. Finally, it considers how mergers affect prices in bargaining models.
Keywords: Antitrust; Bargaining; Concentration; Mergers (search for similar items in EconPapers)
JEL-codes: C78 K21 L40 (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/s11151-018-9663-7
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