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p810034phillipswilsonstatementvmgrescission.pdf
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🔗 Source: ftc.gov
📊 Size: 232 KB
👤 Author: Federal Trade Commission
⬇️ Downloads: 113

Summary

FTC Commissioners Noah Joshua Phillips and Christine S. Wilson dissent from the Commission's decision to rescind the 2020 Vertical Merger Guidelines and Commentary on Vertical Merger Enforcement, citing a lack of explanation, sound basis, and public input. They argue that this move will sow confusion, chill legitimate merger activity, and undermine economic recovery from the COVID-19 pandemic. The commissioners believe that vertical mergers can have procompetitive effects, such as eliminating double marginalization and increasing efficiency, and that the 2020 Guidelines provided a framework for analyzing both anti- and procompetitive effects. They contend that the Majority's decision contravenes established case law and conflates procompetitive effects with merger efficiencies.

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Description

FTC Commissioners Noah Joshua Phillips and Christine S.

Technical Information

  • File Format: PDF
  • File Size: 232 KB
  • Pages: 6
  • Language: EN
  • Author: Federal Trade Commission
  • Total Downloads: 113
  • Last Updated: 4 weeks ago

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