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

Economics at the FTC: Cases and Research, with a Focus on Petroleum 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 competition-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 leading litigated case – Arch Coal’s acquisition of Triton Coal. Finally, we review the empirical literature on the effects of vertical restraints, noting that the literature supporting an animus toward such restraints is surprisingly weak. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

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

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Publisher
Springer Journals
Copyright
Copyright © 2005 by Springer
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-005-3493-0
Publisher site
See Article on Publisher Site

Abstract

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 competition-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 leading litigated case – Arch Coal’s acquisition of Triton Coal. Finally, we review the empirical literature on the effects of vertical restraints, noting that the literature supporting an animus toward such restraints is surprisingly weak.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Sep 26, 2005

References

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