Economics at the FTC: The Google-DoubleClick Merger, Resale Price Maintenance, Mortgage Disclosures, and Credit Scoring in Auto Insurance
- 156 Downloads
Economics at the Federal Trade Commission (FTC) supports both the competition and consumer protection missions of the agency. In this year’s essay we discuss competition activity with a summary of our work on the Google-DoubleClick merger and recent activity on resale price maintenance, an area in which FTC economists had done significant prior research. On the consumer policy front, we discuss our study of ways to improve mortgage disclosures to facilitate consumer shopping and competition. Finally, we discuss our study of the effects of credit scoring on prices paid for auto insurance with a focus on the effects of scores on different racial and ethnic groups.
KeywordsAntitrust Consumer protection Credit scores FTC Insurance Mergers Mortgage disclosures Race and ethnicity Resale price maintenance
Unable to display preview. Download preview PDF.
- European Commission. (2008). Commission clears proposed acquisition of DoubleClick by Google. Retrieved 11 March 2008, from http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/426.
- Federal Trade Commission. (2007a). Credit-based insurance scores: Impacts on consumers of automobile insurance. Retrieved 23 May 2008, from FTC Web site: http://www.ftc.gov/os/2007/07/P044804FACTA_Report_Credit-Based_Insurance_Scores.pdf.
- Federal Trade Commission. (2007b). Statement concerning Google/DoubleClick, FTC File No. 071-170. Retrieved 4 September 2008 from FTC Web site: http://www.ftc.gov/os/caselist/0710170/071220statement.pdf.
- Kabler, B. (2004). Insurance-based credit-scores: Impact on minority and low income populations in Missouri. Retrieved 4 September 2008 from the State of Missouri Department of Insurance Web site: http://www.insurance.mo.gov/reports/credscore.pdf.
- Kovacic W.E. (2006) Using ex post evaluations to improve the performance of competition policy authorities. The Journal of Corporation Law 31: 505–547Google Scholar
- Lacko, J. M., & Pappalardo, J. K. (2004). The effect of mortgage broker compensation disclosures on consumers and competition: A controlled experiment. Bureau of Economics Staff Report, Federal Trade Commission. Retrieved 16 May 2008, from FTC Web site: http://www.ftc.gov/os/2004/01/030123mortgagefullrpt.pdf.
- Lacko, J. M., & Pappalardo, J. K. (2007). Improving consumer mortgage disclosures, an empirical assessment of current and prototype disclosure forms. Bureau of Economics Staff Report, Federal Trade Commission. Retrieved 16 May 2008, from FTC Web site: http://www.ftc.gov/os/2007/06/P025505MortgageDisclosureReport.pdf.
- Lafferty, R., Lande, R., & Kirkwood, J. (Eds.) (1984). Impact evaluations of Federal Trade Commission vertical restraints cases. Staff Report, Federal Trade Commission.Google Scholar
- Lafontaine F., Slade M.E. (2008) Exclusive contracts and vertical restraints: Empirical evidence and public policy. In: Buccirossi P. (eds) Handbook of antitrust economics. MIT Press, Cambridge, pp 391–414Google Scholar
- Miller, M. J., & Smith, R. A. (2003). The relationship of credit-based insurance scores to private passenger automobile insurance loss propensity: An actuarial study by EPIC Actuaries, LLC. Retrieved 4 September 2008 from http://www.progressive.com/shop/EPIC_CreditScores.pdf.
- Monaghan, J. N. (2000). The impact of personal credit history on loss performance in personal lines. Casualty Actuarial Society Ratemaking Discussion Paper (Paper presented at the Winter 2000 CAS forum). Retrieved 4 September 2008 fromhttp://www.casact.org/pubs/forum/00wforum/00wf079.pdf.
- Neven, D., & Albaek, S. (2008). Antitrust update: DG Competition 2007–2008. Review of Industrial Organization, 33 (this issue).Google Scholar
- Overstreet, T. R. (November 1983). Resale price maintenance: Economic theories and empirical evidence. Bureau of Economics Staff Report, Federal Trade Commission.Google Scholar
- Texas Department of Insurance. (2004). Use of credit information by insurers in Texas.Google Scholar
- Texas Department of Insurance. (2005). Use of credit information by insurers in Texas: The multivariate analysis (supplemental report).Google Scholar
- Whinston M. (1990) Tying, foreclosure, and exclusion. American Economic Review 80: 837–859Google Scholar