Review of Industrial Organization 21: 335, 2002.
© 2002 Kluwer Academic Publishers. Printed in the Netherlands.
Introduction: Antitrust and Regulatory Update
In the past two to three decades the inﬂuence of economics and economists on
antitrust and regulatory policy has grown enormously. The issues and analyses
continue to become more sophisticated. The antitrust and regulatory agencies
have become an important source of critical thinking about topics in industrial
In recognition of these developments, the Review of Industrial Organization is
instituting a new feature – “Antitrust and Regulatory Update” – which the Editor
has asked me to organize and edit. Each year the Chief Economists of the Antitrust
Division of the U.S. Department of Justice (DOJ), the Federal Trade Commission
(FTC), and the Federal Communications Commission (FCC) will be invited to
write essays reviewing the major antitrust/regulatory/microeconomics issues that
their agency has dealt with over the past year.
This year we asked the current occupants of these positions – Michael Katz
(DOJ), David Scheffman (FTC), and David Sappington (FCC) – on relatively short
notice, to write those essays. All three graciously agreed to do so. The following
three articles (two with co-authors) represent their descriptions and assessments of
their agency’s activities.
We believe that these articles are an excellent start to this feature, providing
interesting insights into the important policy and intellectual issues with which the
economists at these three agencies have grappled. We look forward to a continuing
annual series of such essays. We hope that you will as well.
LAWRENCE J. WHITE
Stern School of Business
New York University