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Economics at the Antitrust Division 2015–2016: Household Appliances, Oil Field Services, and Airport Slots

Author

Listed:
  • Randy C. Chugh

    (U.S. Department of Justice)

  • Nathan G. Goldstein

    (U.S. Department of Justice)

  • Eric K. Lewis

    (U.S. Department of Justice)

  • Jeffrey S. Lien

    (U.S. Department of Justice)

  • Deborah Minehart

    (U.S. Department of Justice)

  • Nancy L. Rose

    (U.S. Department of Justice)

Abstract

This article provides an overview of economic analysis in three prominent merger investigations and litigations: Electrolux’s proposed acquisition of General Electric’s appliance division, Halliburton’s bid for Baker Hughes, and United Airline’s attempt to acquire additional airport slots at Newark Liberty International Airport. In each, the parties abandoned their proposed transaction after the Division had filed suit to block the acquisition. While we cannot recount all the analyses underpinning these outcomes, we hope to provide some insights into the challenges of enforcing antitrust law and the way in which economic analysis in particular is used to address those challenges.

Suggested Citation

  • Randy C. Chugh & Nathan G. Goldstein & Eric K. Lewis & Jeffrey S. Lien & Deborah Minehart & Nancy L. Rose, 2016. "Economics at the Antitrust Division 2015–2016: Household Appliances, Oil Field Services, and Airport Slots," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 49(4), pages 535-556, December.
    • Handle: RePEc:kap:revind:v:49:y:2016:i:4:d:10.1007_s11151-016-9550-z
    DOI: 10.1007/s11151-016-9550-z
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    References listed on IDEAS

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    1. Farrell Joseph & Shapiro Carl, 2010. "Antitrust Evaluation of Horizontal Mergers: An Economic Alternative to Market Definition," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 10(1), pages 1-41, March.
    2. Brueckner, Jan K. & Lee, Darin & Singer, Ethan S., 2013. "Airline competition and domestic US airfares: A comprehensivereappraisal," Economics of Transportation, Elsevier, vol. 2(1), pages 1-17.
    3. Orley C. Ashenfelter & Daniel S. Hosken & Matthew C. Weinberg, 2013. "The Price Effects of a Large Merger of Manufacturers: A Case Study of Maytag-Whirlpool," American Economic Journal: Economic Policy, American Economic Association, vol. 5(1), pages 239-261, February.
    4. Orley C. Ashenfelter & Daniel S. Hosken & Matthew C. Weinberg, 2014. "Corrigendum: The Price Effects of a Large Merger of Manufacturers: A Case Study of Maytag Whirlpool," American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 308-309, February.
    5. Nicholas Hill & Nancy Rose & Tor Winston, 2015. "Economics at the Antitrust Division 2014–2015: Comcast/Time Warner Cable and Applied Materials/Tokyo Electron," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(4), pages 425-435, December.
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    Cited by:

    1. Giulio Federico & Fiona Scott Morton & Carl Shapiro, 2019. "Antitrust and Innovation: Welcoming and Protecting Disruption," NBER Chapters, in: Innovation Policy and the Economy, Volume 20, pages 125-190, National Bureau of Economic Research, Inc.

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