Missing the forest for the trees: A reply to Hovenkamp and Shapiro

ProMarket, Hal Singer and Marshall Steinbaum, 27 September 2021

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The Federal Trade Commission’s now-abandoned 2020 Vertical Merger Guidelines were not some ideal economic document that the FTC foolishly disregarded; rather, they failed spectacularly and were properly retracted, Hal Singer and Marshall Steinbaum write in their response to Herbert Hovenkamp and Carl Shapiro.

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