Economics at the FTC: Cases and Research, with a Focus on Petroleum

Autor: Paul A. Pautler, Louis Silvia, Luke M. Froeb, Mark W. Frankena, James C. Cooper
Rok vydání: 2005
Předmět:
Zdroj: Review of Industrial Organization. 27:223-252
ISSN: 1573-7160
0889-938X
DOI: 10.1007/s11151-005-3493-0
Popis: Economics at the Federal Trade Commission (FTC) covers both the antitrust and consumer protection missions. In this year's essay, we focus mainly on the competi- tion-side of the agency. Drawing on a wealth of recent research, we provide descriptive and analytical information about the petroleum industry. Mergers, as always, were a major preoccupation of the FTC, and we discuss a few oil industry mergers as well as one lead- ing litigated case - Arch Coal's acquisition of Triton Coal. Finally, we review the empir- ical literature on the effects of vertical restraints, noting that the literature supporting an animus toward such restraints is surprisingly weak.
Databáze: OpenAIRE