The Year in Review: Economics at the Antitrust Division, 2020–2021

Brian Clark, Jeffrey S. Lien and Jeffrey M. Wilder ()
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Brian Clark: U.S. Department of Justice
Jeffrey S. Lien: U.S. Department of Justice
Jeffrey M. Wilder: U.S. Department of Justice

Review of Industrial Organization, 2021, vol. 59, issue 4, No 5, 663 pages

Abstract: Abstract Challenging anticompetitive acquisitions of nascent competitors is a top priority of the Antitrust Division of the U.S. Department of Justice. It is especially important that competition agencies remain vigilant of such acquisitions in platform markets, where indirect network effects and other market forces tend to preserve the status quo at the expense of smaller, more innovative rivals and potentially final consumers. This article discusses two such attempted acquisitions: (1) Visa’s acquisition of technology firm Plaid that threatened to disrupt Visa’s monopoly power in online debit; and (2) Sabre’s acquisition of Farelogix, which is a firm that allows airlines to connect directly to travel agencies and thereby disintermediates Sabre and other global distribution systems.

Keywords: Antitrust; Debit cards; Payment cards; Airlines; Nascent competition (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s11151-021-09842-x

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