Vertical Mergers: Fast Food, Folklore, and Fake News

Eric Fruits September 17, 2019

Truth on the Market View Original Source

• 
  Back
  to Top

In the Federal Trade Commission’s recent hearings on competition policy in the 21st century, Georgetown professor Steven Salop urged greater scrutiny of vertical mergers. He argued that regulators should be skeptical of the claim that vertical integration tends to produce efficiencies that can enhance consumer welfare. In his presentation to the FTC, Professor Salop provided what he viewed as exceptions to this long-held theory.

Read the full piece here.