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Economics at the FTC: Cases and Research, with a Focus on Petroleum

Author Info

Listed author(s):
  • Luke Froeb

    ()

  • James Cooper
  • Mark Frankena
  • Paul Pautler
  • Louis Silvia

Abstract

Economics at the Federal Trade Commission (FTC) covers both the antitrust and consumer protection missions. In this year’s essay, we focus mainly on the competition-side of the agency. Drawing on a wealth of recent research, we provide descriptive and analytical information about the petroleum industry. Mergers, as always, were a major preoccupation of the FTC, and we discuss a few oil industry mergers as well as one leading litigated case – Arch Coal’s acquisition of Triton Coal. Finally, we review the empirical literature on the effects of vertical restraints, noting that the literature supporting an animus toward such restraints is surprisingly weak. Copyright Springer 2005

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File URL: http://hdl.handle.net/10.1007/s11151-005-3493-0
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Article provided by Springer & The Industrial Organization Society in its journal Review of Industrial Organization.

Volume (Year): 27 (2005)
Issue (Month): 3 (November)
Pages: 223-252

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Handle: RePEc:kap:revind:v:27:y:2005:i:3:p:223-252
DOI: 10.1007/s11151-005-3493-0
Contact details of provider: Web page: http://www.springer.com

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Order Information: Web: http://www.springer.com/economics/industrial+organization/journal/11151/PS2

Keywords: antitrust; consumer protection; FTC; mergers; petroleum; vertical restraints;

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  1. Abrantes-Metz, Rosa M. & Froeb, Luke M. & Geweke, John & Taylor, Christopher T., 2006. "A variance screen for collusion," International Journal of Industrial Organization, Elsevier, vol. 24(3), pages 467-486, May.
  2. Cooper, James C. & Froeb, Luke M. & O'Brien, Dan & Vita, Michael G., 2005. "Vertical antitrust policy as a problem of inference," International Journal of Industrial Organization, Elsevier, vol. 23(7-8), pages 639-664, September.
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Cited by:

  1. Aune, Finn Roar & Mohn, Klaus & Osmundsen, Petter & Rosendahl, Knut Einar, 2010. "Financial market pressure, tacit collusion and oil price formation," Energy Economics, Elsevier, vol. 32(2), pages 389-398, March.

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