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In the 1970s, the Federal Trade Commission had embarked on an activist consumer protection and antitrust agenda which resulted in severe public and congressional backlash, including calls to abolish the agency. Beginning in 1981, under the direction of Chairman James Miller, the FTC started down a new path of economically-oriented policymaking. This new approach helped save the FTC and laid the groundwork for it to grow into the world-class consumer protection and antitrust agency that it is today. This book examines this period of transition in light of continuing debate about the FTC's mission.

Trade regulation --- Consumer protection --- Law and legislation --- United States. --- FTC --- Federal Trade Commission (U.S.) --- Federalʹnai︠a︡ torgovai︠a︡ komissii︠a︡ SShA --- Interstate Trade Commission, 1914

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Automobile insurance -- United States. --- Consumer credit -- United States. --- Credit scoring systems -- United States. --- Discrimination in insurance -- United States. --- Consumer credit --- Credit scoring systems --- Discrimination in insurance --- Automobile insurance --- Finance --- Business & Economics --- Credit, Debt & Loans --- Insurance --- Consumer debt --- Race discrimination in insurance --- Credit --- Credit analysis --- United States. --- FTC --- Federal Trade Commission (U.S.) --- Federalʹnai︠a︡ torgovai︠a︡ komissii︠a︡ SShA --- Interstate Trade Commission, 1914

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This volume of Research in Law and Economics contains articles that address important legal and economic developments in the areas of healthcare, intellectual property and labor settlements, competitive effects, cartel overcharges, and the U.S. Federal Trade Commission (“FTC”). Four of the articles were initially presented at a conference on healthcare competition in Washington, D.C., which was sponsored by the American Antitrust Institute, this journal, and Navigant Economics. These articles explore practices that are under challenge in pharmaceuticals, where the Federal Trade Commission has been extremely active, as well as issues involving hospital and health insurance mergers. They are followed by a long and detailed discussion of the current and historic role of economists and economic analysis at the Federal Trade Commission. The next two articles analyze different aspects of the French economy, pre-trial labor settlements and the impact of e-commerce on franchisees. The volume ends with three technical economics articles one on “upward pricing pressure”, one on estimating price increases in cartel cases, and one critiquing a “meta-analysis” of research on the effectiveness of U.S. merger regulation. Taken together, these articles raise questions about appropriate competition policy, how to evaluate settlements and other firm behavior, and where economics and competition policy are headed.

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