The Federal Trade Commission

Federal Trade Commission

1 Settlement in this matter precludes the possibility of a litigated record. Thus, the Commission’s understanding of the facts as set forth in this Analysis is based on the record developed during staff’s investigation. The Commission has decided to include discussion of the relevant parts of the investigatory record to provide the best guidance it can on the scope of the state action defense a...

Statement of the Federal Trade Commission Regarding Google’s Search Practices

The Federal Trade Commission has today completed a wide-ranging investigation of alleged anticompetitive conduct by Google Inc. (“Google”). We issue this Statement to explain the Commission’s unanimous decision to close the portion of its investigation relating to allegations that Google unfairly preferences its own content on the Google search results page and selectively demotes its competito...

United States of America before Federal Trade Commission.

Ff!1!mitted. Acting Director Bureau of Economics Federal Trade Commission Market Power in Long Distance Telecommunications" Economist, Federal Trade Commission

AT&T's long distance prices are regulated in order to avoid supracompetitive pricing. This rationale presumes that AT&T possesses sufficient market power to raise prices substantially above marginal cost. This paper estimates firm specific demand elasticities for AT&T and the other large long distance companies using monthly data for 1988 through 1991 from five states. Lerner indices are calcul...

Submitted to the Federal Trade Commission o ~ / " the Pfizer - Wyeth and Merck - Schering Plough Mergers

Introduction We are both former Directors ofthe Bureau ofEconomics at the Federal Trade Commission, and have studied, lectured and written on the economics of the pharmaceutical industry for many years. As such, we feel obliged to submit these comments to the Commission because, in our judgment, both the Pfizer-Wyeth and Merck-Schering Plough mergers will further retard the rate of pharmaceutic...