Brian Albrecht on Court Rejection of Kroger/Albertsons Deal
ICLE Chief Economist Brian Albrecht was quoted by Law.com in a story about court decisions blocking the proposed merger of supermarkets Kroger and Albertsons. You can read the full piece here.
“While Judge Nelson ultimately chose to base her decision on the consumer-market claims, she was correct to find that the FTC did not present sufficient evidence to establish its labor-monopsony claims in the federal case,” Brian Albrecht, chief economist at the International Center for Law & Economics, said Tuesday in a press statement.
“Indeed, the retail-labor market is demonstrably competitive and workers have a wide range of alternative employment options—both in and out of the retail sector,” Albrecht added. “Unfortunately, the court did not outright reject the FTC’s exceedingly narrow market definition of ‘union grocery labor.’”