Rev Ind Organ (2007) 31:83 DOI 10.1007/s11151-007-9150-z Lawrence J. White Published online: 6 November 2007 © Springer Science+Business Media, LLC. 2007 This issue marks the sixth year of a special feature of the Review of Industrial Organization: “Antitrust and Regulatory Update”. As has been true in past years, I asked the Chief Economists of the Antitrust Division of the U.S. Department of Justice (DOJ), the Federal Trade Commission (FTC), the Federal Communications Commission (FCC), and (starting last year) the DG Competition of the European Union to write essays that review the economics aspects of the major antitrust and regulatory issues that have confronted their respective agencies. I am pleased that all four responded afﬁrmatively, and this issue of the RIO is the product of that response. The analysis of mergers and merger policy more generally continues to be an impor- tant theme, occupying a substantial portion of the DOJ and DG Competition essays. The FTC and FCC essays, however, focus on other issues: The FTC essay discusses the agency’s concern about pharmaceutical patent dispute settlements that may be anticompetitive and the agency’s research on consumer behavior that has the potential to help the agency better pursue its second mandated role (beyond the antitrust role for which it is generally better known), consumer protection. The FCC essay focuses on the issue of the concentration of media ownership and possible implications for infor- mation dissemination in the U.S. and on the complexities of the design of spectrum auctions. I hope that this brief summary, while not doing adequate justice to the interesting information and analyses that are to be found in these four essays, has nevertheless whetted readers’ interests sufﬁciently to read these essays in their full length. As has been true in past years, RIO readers will surely ﬁnd these essays to be well worth their time. L. J. White ( ) Stern School of Business, New York University, 44 West 4th Street, New York, NY 10012, USA e-mail: Lwhite@stern.nyu.edu
Review of Industrial Organization – Springer Journals
Published: Nov 6, 2007
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