Introduction: Antitrust and Regulatory Update

Introduction: Antitrust and Regulatory Update Rev Ind Organ (2008) 33:185 DOI 10.1007/s11151-008-9197-5 Lawrence J. White Published online: 18 November 2008 © Springer Science+Business Media, LLC. 2008 This issue marks the seventh year of a special feature of the Review of Industrial Orga- nization: “Antitrust and Regulatory Update”. As has been true in past years, I asked the Chief Economists of the U.S. Department of Justice (DOJ), the Federal Trade Commission (FTC), the Federal Communications Commission (FCC), and (starting two years ago) the DG Competition of the European Union (DGComp) to write essays about the interesting economics aspects of the important antitrust and regulatory issues that confront their agencies. I am pleased to report that all four individuals responded affirmatively, and the essays in this issue of the Review (all co-authored with career economists at their respective agencies) are the products of those affirmative responses. As has been true in the past, concerns about mergers and merger policy continue to be important in the DOJ, FTC, and DGComp essays. All of these essays, as well as the FCC essay, also address wider antitrust policy and regulatory issues. The FCC essay addresses spectrum auctions, the concentration of media ownership in local markets, quality-adjusted prices for cable-TV service, and leased access for cable- TV channels. The DGComp essay addresses problems in two-sided markets. The FTC essay discusses resale price maintenance, information disclosures for residential mortgage lending, and the use of individuals’ credit scores for the pricing of their automobile insurance. The DOJ essay explores the restructuring of electricity markets and the use of congestion pricing for airport landing slots. This brief summary cannot, of course, do adequate justice to the interesting analyses and discussions that are to be found in the four essays in this issue; but I hope that the curiosity and interest of readers have been sufficiently stimulated so as to encourage them to read the complete essays. As has been true in past years, RIO readers will find that reading these essays at greater length will be well worth their time. L. J. White ( ) Department of Economics, Stern School of Business, New York University, 44 West 4th Street, New York, NY 10012, USA e-mail: Lwhite@stern.nyu.edu http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Introduction: Antitrust and Regulatory Update

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Publisher
Springer US
Copyright
Copyright © 2008 by Springer Science+Business Media, LLC.
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-008-9197-5
Publisher site
See Article on Publisher Site

Abstract

Rev Ind Organ (2008) 33:185 DOI 10.1007/s11151-008-9197-5 Lawrence J. White Published online: 18 November 2008 © Springer Science+Business Media, LLC. 2008 This issue marks the seventh year of a special feature of the Review of Industrial Orga- nization: “Antitrust and Regulatory Update”. As has been true in past years, I asked the Chief Economists of the U.S. Department of Justice (DOJ), the Federal Trade Commission (FTC), the Federal Communications Commission (FCC), and (starting two years ago) the DG Competition of the European Union (DGComp) to write essays about the interesting economics aspects of the important antitrust and regulatory issues that confront their agencies. I am pleased to report that all four individuals responded affirmatively, and the essays in this issue of the Review (all co-authored with career economists at their respective agencies) are the products of those affirmative responses. As has been true in the past, concerns about mergers and merger policy continue to be important in the DOJ, FTC, and DGComp essays. All of these essays, as well as the FCC essay, also address wider antitrust policy and regulatory issues. The FCC essay addresses spectrum auctions, the concentration of media ownership in local markets, quality-adjusted prices for cable-TV service, and leased access for cable- TV channels. The DGComp essay addresses problems in two-sided markets. The FTC essay discusses resale price maintenance, information disclosures for residential mortgage lending, and the use of individuals’ credit scores for the pricing of their automobile insurance. The DOJ essay explores the restructuring of electricity markets and the use of congestion pricing for airport landing slots. This brief summary cannot, of course, do adequate justice to the interesting analyses and discussions that are to be found in the four essays in this issue; but I hope that the curiosity and interest of readers have been sufficiently stimulated so as to encourage them to read the complete essays. As has been true in past years, RIO readers will find that reading these essays at greater length will be well worth their time. L. J. White ( ) Department of Economics, Stern School of Business, New York University, 44 West 4th Street, New York, NY 10012, USA e-mail: Lwhite@stern.nyu.edu

Journal

Review of Industrial OrganizationSpringer Journals

Published: Nov 18, 2008

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