Economic Issues
Presentations by FTC Economists:
DOJ, Economic Analysis Group Seminar
Antitrust Division, US Department of Justice
Michael R. Baye, Director, Bureau of Economics
December 2, 2008
“Empirical Methods in Antitrust,”
Michael R. Baye, Director, Bureau of Economics
Economic Summit of Chief Economists (Competition Bureau Canada, Economic Policy and Enforcement Branch)
Ottawa, Ontario, November 20-21 2008
Antitrust Economics and Policy: Some Suggestions for Research Agendas
Keynote address at the Research Symposium on Antitrust Economics and Competition Policy,
Northwestern University Searle Center on Law, Regulation, and Economic Growth,
(September 26, 2008, Chicago, IL)
Antitrust Economics at the FTC
Before the USDA Packers and Stockyards Program National Meeting, Indianapolis, IN,
September 17, 2008
“Contests with Rank-Order Spillovers”
Presented at the Venice Summer Institute 2008 Workshop on
Advances in the Theory of Contests and its Applications,
Venice International University, San Servolo,
July 18 – 19, 2008
Antitrust Contests
Presented at a conference on Contests: Theory and Applications,
Stockholm School of Economics, Stockholm, Sweden,
(June 13, 2008)
Opening Remarks of Michael R. Baye
Before the Consumer Information and the Mortage Market Conference,
May 29, 2008
Research Ideas in Antitrust and Consumer Protection: A View from the FTC
Presentation before The 6th Annual International Industrial Organization Conference (IIOC), Chief Economists Roundtable, Marymount University Ballston Center, Arlington, Va (May 18, 2008)
Michael R. Baye's Interview with The Threshold,
Michael R. Baye, Director, Bureau of Economics,
Volume VIII Number 2,
ABA,
(Spring 2008).
The Economics of Consumer Protection, Antitrust, and Policy
Michael R. Baye, Director, Bureau of Economics
Prepared speech before Bentley College
Waltham, MA (April 24, 2008)
Presentation at the Brussels Forum
Michael R., Baye, Director Bureau of Economics
Sponsored by the Mentor Group, (Conrad Hotel)
Brussels, Belgium (April 8, 2008).
Prepared remarks before Penn State University
Michael R. Baye, Director, Bureau of Economics,
The Center for the Study of Auctions, Procurements and Competition Policy
April 4, 2008
Is There a Doctor in the House? The Value of Economic Expertise in Antitrust, Consumer Protection and Public Policy
Michael R Baye, Director, Bureau of Economics,
Prepared Remarks for "Breakfast with the Federal Trade Commission Bureau Directors," American Bar Association's 56th Antitrust Law Spring Meeting, Washington, DC (March 28, 2008).
The Antitrust Source Interview
Michael R. Baye, Director, Bureau of Economics
ABA, (February 2008).
Market Defnition in Online Markets
Presentation at a conference: Merger Analysis in High Technology Markets, sponsored by the George Mason University School of Law,
Michael R. Baye, Director, Bureau of Economics
February 1, 2008
The Role of Economists in Antitrust: Getting the Most from Your Economic Expert
Michael R. Baye,
Director,
Bureau of Economics
Prepared Remarks before the Economics and Federal Civil Enforcement Committees of the American Bar Association's Antitrust Section Brownbag , Kirkland and Ellis, Washington, DC (October 17, 2007)
Economics Supporting the Twin Missions of the FTC, American Bar Association 55th Antitrust Spring Meeting, Breakfast with the Bureau Directors, JW Marriott Hotel, Washington, DC, April 20, 2007
Concluding Remarks for Energy Markets in the 21st Century: Competition Policy in Perspective,
Michael A. Salinger, Washington, DC, April 12, 2007
Looking for the Keys Under the Lampost: Insights from Economics into Standards for Unilateral Conduct
Michael A. Salinger, Director, Bureau of Economics prepared comments before the ABA Section of Antitrust Law, Economics and Section 2 Committees BrownBag, Washington, DC, FTC Conference Center, July 24, 2006
Consumer Protection Economics at the FTC
Michael A. Salinger, Director, Bureau of Economics
Prepared remarks for the Chief Economist Roundtable at the International Industrial Organization Conference, Boston, MA, April 8, 2006
Assessing Whether What We Know is So
Michael A. Salinger, Director, Bureau of Economics, presentation before the American Bar Association, 54th Antitrust Law Spring Meeting, Breakfast with the Bureau Directors,
JW Marriott Hotel, Washington, DC, March 31, 2006.
Moneyball and Price Gouging
Michael A. Salinger, Director, Bureau of Economics, before the Boston Bar Association, Antitrust Committee, Boston, MA, February 27, 2006.
Can Economics Bridge the Atlantic? Monopolization Under Section 2, Dominance Under Article 82, and Fouls in Football
Michael A. Salinger, Director, Bureau of Economics, at George Mason University Fall 2005 Antitrust Symposium, Washington, DC, September 20, 2005
Prepared Remarks
Michael A. Salinger, Director, Bureau of Economics, Before the Antitrust Modernization Commission: Treatment of Efficiencies in Merger Enforcement November 17, 2005
Four Questions About Horizontal Merger Enforcement
Michael A. Salinger, American Bar Association Antitrust Section Economics Committee Brown Bag Presentation, Washington, DC., September 14, 2005
Is It Live Or Is It Memorex? Models of Vertical Mergers and Antitrust Enforcement
Michael A. Salinger, Director, Bureau of Economics, Association of Competition Economics (ACE) Seminar on Non-Horizontal Mergers, Competition Commission, London, UK, September 7, 2005, and Fondation Universitaire, Brussels, Belgium, September 8, 2005
Challenges in Identifying Anticompetitive Dominant Firm Behavior
Michael A. Salinger, Before the National Economic Research Associates (NERA) 2005 Antitrust and Trade Regulation Seminar, Santa Fe, New Mexico, July 7, 2005.
James C. Cooper, Luke M. Froeb, Daniel P. O'Brien, and Michael G.Vita., discuss, "Vertical Antitrust Policy as a Problem of Inference", February 18, 2005. - AAI critique , The Authors Response , AAI reply.
Featured Topic:
Presentations by FTC Economist at the Third Annual International Industrial Organization Conference, Georgia Institute of Technology Hotel and Conference Center, Atlanta, GA, April 8-9, 2005.
Chris Adams, "Vettes and Lemons on Ebay," (joint with Laura Hosken, and Peter Newberry), April 9, 2005
David J. Balan, "Patient Indignation and Hospital Competition," April 9, 2005
Luke M. Froeb, Post Merger Product Repositioning, April 9, 2005
Shawn Ulrick, "Horizontal Merger Guidelines," April 9, 2005
Presentations by FTC Economists at the Second Annual Meeting of the INTERNATIONAL INDUSTRIAL ORGANIZATION CONFERENCE, downtown campus of Northwestern University, Chicago, Illinois, April 23-24, 2004
Chris Adams presented his paper "Digital Demand: The Demand for Digital Cameras on eBay" (joint with William Vogt).
Dave Balan presented his paper "Media Mergers and the Ideological Content of Programming" (joint with Pat DeGraba and Abe Wickelgren).
Pat DeGraba presented his paper "Tying and Monopoly Leverage in Wholesale Markets".
Luke M. Froeb presented his paper "Variance and Smoothness Screens for Collusion" (joint with Rosa Abrantes-Metz and Chris Taylor).
Dan Hosken presented his paper: "The Economic Effects of the Marathon-Ashland Joint Venture "(joint with Chris Taylor).
Dan O'Brien presented his paper "Bargaining, Bundling, and Clout: The Portfolio Effects of Horizontal Mergers" (joint with Greg Shaffer).
Dave Schmidt presented his paper: "The Price Effects of a Merger of Complements: The Case of Peanut Butter and Jelly" (joint with Hajime Hadeishi, draft forthcoming).
Merger Simulation
A Daubert Discipline for Merger Simulation, Gregory J. Werden, Luke M. Froeb, and David T. Scheffman, February 16, 2004 (draft). [PDF 112K]
Abstract: For more than a decade, structural game-theory models have been used to predict the price effects of mergers, using what is termed “merger simulation.” We propose a discipline for merger simulation based on the Daubert reliability screen applied to all expert testimony. Specifically, we propose that every modeling choice in a merger simulation apt to matter significantly be accompanied either by some sort of justification or by a sensitivity analysis indicating its impact.