A WSJ essay extolling the virtues of monopoly created a lot of interest this month, as did articles on two powerful competition czars, FTC economists debating theory, two ECJ credit card cases, a controversial approach to abuse of dominance by a Commission Hearing Officer, and other pieces on Amazon, failing defense, pharm, data security, and collusion.
Competition is for Losers Monopoly is therefore not a pathology or an exception. Monopoly is the condition of every successful business. Peter Thiel (Wall Steet Journal)
A new Commissioner for Competition Does all this suggest that competition law will be playing more of an instrumental role and would be more permeable to influences from other policy areas? Alfonso Lamadrid (Chillin’ Competition)
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