Economic Analysis of Competition Practices in the EU and the U.S.: A View from Chief Economists

Dennis Carlton, Michael Salinger, Nov 05, 2007

On February 21, 2007, the Jevons Institute for Competition Law and Economics at University College London hosted its Annual Antitrust and Regulation Forum. The forum covered two broad topics: the relationship between antitrust and regulation and the use of an effects-based approach. We are privileged to reprint the remarks made by Dennis Carlton, who was then Deputy Assistant Attorney General for the Antitrust Division of the U.S. Department of Justice, and Michael Salinger, who was then Director of the Bureau of Economics at the U.S. Federal Trade Commission), as well as those by Amelia Fletcher, Chief Economist of the U.K. Office of Fair Trading, who moderated the discussion. (The event was recorded and the remarks were transcribed; very few of their words have been altered to preserve the integrity of the conversation that day.) On behalf of the Jevons Institute andCompetition Policy International, I would like to extend my sincere thanks to Amelia, Dennis, and Michael for their time and excellent contributions. David S. Evans Editor-in-Chief, Competition Policy International Executive Director, Jevons Institute for Competition Law and Economics