Critical Loss Analysis in the Whole Foods Case

This article is part of a Chronicle. See more from this Chronicle Kevin Murphy, Robert Topel, Mar 17, 2008 In the matter of the U.S. Federal Trade Commission (FTC) versus Whole Foods (hereinafter Whole Foods), the economist for Whole Foods, Professor David Scheffman, applied “Critical Loss” (CL) analysis to the issue of market definition in […]

Ignoring the Lessons of Von’s Grocery: Some Thoughts on the FTC’s Opposition to the Whole Foods/Wild Oats Merger

This article is part of a Chronicle. See more from this Chronicle Thomas Lambert, Jun 14, 2007 One of the most maligned antitrust decisions in history involved a merger of grocery store chains. Even those voices inclined toward substantial antitrust intervention believe the Supreme Court erred in its 1966 Von’s Grocery decision, which condemned the […]

The Two-Sided Market Literature Enriches Traditional Antitrust Analysis

David Park, William Rooney, Apr 19, 2007 The term two-sided market sounds strange to the antitrust lawyer´s ear. Antitrust markets typically are not described as having sides. They consist of a relevant product or set of products, cover a geographic area, and include transactions between buyers and sellers at a particular level of distribution. Although […]

Two-Sided Platform Markets and the Application of the Traditional Antitrust Analytical Framework

Two-Sided Platform Markets and the Application of the Traditional Antitrust Analytical Framework

Renata Hesse, Apr 19, 2007 It only takes working through a single matter that involves a two-sided market to recognize that the antitrust analysis can be a bit more complicated than with standard one-sided markets. The principle reason for the complication is evident from the descriptive moniker given these markets: they have two sides or, […]

The Industrial Organization of Markets with Two-Sided Platforms

The Industrial Organization of Markets with Two-Sided Platforms

David Evans, Richard Schmalensee, Apr 19, 2007 Many diverse industries are populated by businesses that operate “two-sided platforms.” These businesses serve distinct groups of customers who need each other in some way, and the core business of the two-sided platform is to provide a common (real or virtual) meeting place and to facilitate interactions between […]

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