What We Heard At The FTC Hearings: Day 8

Law360 (November 13, 2018, 1:46 PM EST) -- On Nov. 1, 2018, the Federal Trade Commission held the fifth of its "Hearings On Competition And Consumer Protection In The 21st-Century." (The first hearing was held on Sept. 13. The second hearing was held on Sept. 21. The third hearing was held Oct. 15-17. The fourth hearing was held Oct. 23-24.)

We offer some key takeaways from the sessions, which covered vertical mergers and the consumer welfare standard.

Vertical Mergers

The first vertical merger session began with a presentation by professor Steven Salop (Georgetown University Law Center) concerning competitive harms arising from vertical mergers in highly concentrated markets. He addressed two kinds of harms. First was...

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