Thursday, September 17, 2020
See here for the news story. This is great news. Forward looking policy should be guided my rigorous studies of what has worked and not worked in prior mergers across industries. A lot of time we have pundits who give what seem to be non-representative anecdotes either for or against certain mergers. Some of the most meaningful work that the FTC did in the 1980s was serious studies of all sorts of economic behavior. In the 2000s, its healthcare merger retrospective led to tremendous positive changes in shaping good cases and shifting case law to thwart of anticompetitive consummated and proposed hospital mergers. To do that it needs an adequate budget.