Review of Industrial Organization

, Volume 46, Issue 1, pp 1–3 | Cite as

The U.S. Federal Trade Commission at 100: A Symposium on FTC Economics

  • Joseph FarrellEmail author

It is a pleasure to introduce this mini-symposium on FTC economics as part of the FTC’s centenary. While I was Director of the Bureau of Economics (BE), in 2009–2012, internal discussions of the centenary were already under way, and one enthusiastic attorney emailed a wide internal distribution list remarking on that and some other U.S. public policy events of 1914, remarking “What a great year!” The many millions of victims of World War I would be less enthusiastic, but we commemorate the founding of one of the key consumer protection and competition institutions of the United States.

Our symposium has three articles: by F. M. Scherer, by Michael Salinger and Robert Levinson, and by Paul Pautler. Scherer and Salinger were among my distinguished predecessors as BE Director; Levinson was an economist in BE; and Pautler was among the most senior career BE economists, now recently retired from serving as Deputy Director for consumer protection.

Scherer’s article describes two FTC cases...


Consumer Protection Equilibrium Path Horizontal Merger Merger Guideline Antitrust Division 
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  1. Carlson, J., Dafny, L. S., Freeborn, B. A., Ippolito, P. M., & Wendling, B. W. (2013). Economics at the FTC: Physician Acquisitions, Standard Essential Patents, and Accuracy of Credit Reporting. Review of Industrial Organization, 43, 303–326.Google Scholar
  2. FTC Bureau of Economics (2010). Pay-for-delay: How drug company pay-offs cost consumer billions.
  3. Kaplow, L. (2013). Competition policy and price fixing. Princeton: Princeton University Press.Google Scholar
  4. Maskin, E., & Tirole, J. (1987). A theory of dynamic oligopoly, III: Cournot competition. European Economic Review, 31, 947–968.CrossRefGoogle Scholar
  5. Posner, R. (2001). Antitrust Law (2nd ed.). Chicago: University of Chicago Press.Google Scholar
  6. Salinger, M., Ippolito, P., & Schrag, J. (2007). Economics at the FTC: Pharmaceutical Patent Dispute Settlements and Behavioral Economics. Review of Industrial Organization, 31, 85–105.CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  1. 1.University of CaliforniaBerkeleyUSA

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