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  • The Regulatory Revolution at the FTC: A Thirty-Year Perspective on Competition and Consumer Protection

    The Regulatory Revolution at the FTC by Cooper, James C.;

    A Thirty-Year Perspective on Competition and Consumer Protection

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      • Publisher's listprice GBP 115.00
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    Product details:

    • Publisher OUP USA
    • Date of Publication 3 October 2013

    • ISBN 9780199989287
    • Binding Hardback
    • No. of pages208 pages
    • Size 160x236x20 mm
    • Weight 505 g
    • Language English
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    Short description:

    The Regulatory Revolution at the FTC examines a thirty-year period of transition at the Federal Trade Commission, roughly extending from the early 1980s through the present, during which the FTC evolved from an agency on the brink of extinction to one widely respected for its performance and economic sophistication.

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    Long description:

    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 antritrust agency that it is today.

    The Regulatory Revolution at the FTC examines this period of transition in light of continuing debate about the FTC's mission. Editor James Campbell Cooper has assembled contributions from leading economists and scholars, including many of the central figures in the Miller-era Commission and today's FTC, who provide a comprehensive and revealing story about the importance of economic analysis in regulatory decision-making. Together, they foster a crucial understanding of the evolution of the FTC from an agency on the brink of extinction to one widely respected for its performance and economic sophistication.

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    Table of Contents:

    Foreword: James C. Cooper
    INTRODUCTION:
    PLANTING THE SEEDS OF THE REGULATORY REVOLUTION
    Chapter 1: James C. Miller
    Causes and Implications of the Regulatory Revolution at the FTC
    Chapter 2: Panel Discussion
    Politics and Policy in 1981
    PART I:
    JURISDICTION, POLICY, AND PROCEDURE
    Chapter 3: William E. Kovacic
    The Federal Trade Commission and the Assignment of Regulatory Tasks
    Chapter 4: Julie Brill
    The Future of FTC Jurisdiction Over Antitrust and Consumer Protection: A Commentary
    Chapter 5: Joshua D. Wright & Angela Diveley
    Do Expert Agencies Outperform Generalist Judges? Some Preliminary Evidence from the Federal Trade Commission
    Chapter 6: A. Douglas Melamed
    Paradigm Shopping: Section 5, the FTC, and the Courts
    PART II:
    CONSUMER PROTECTION
    Chapter 7: Fred S. McChesney
    Consumer Protection and James Miller at the Federal Trade Commission
    Chapter 8: J. Howard Beales, III, Timothy J. Muris & Robert Pitofsky
    In Defense of the Pfizer Factors
    Chapter 9: Paul H. Rubin & Thomas M. Lenard
    The FTC Then and Now: Privacy
    Chapter 10: Paul A. Pautler
    Regulation and Behavioral Economics in the Post-Miller FTC
    PART III:
    ANTITRUST
    Chapter 11: Richard S. Higgins & Mark Perelman
    Tying to Mitigate the Deadweight Loss of Monopoly Pricing
    Chapter 12: Daniel A. Crane
    Section 5 and the Innovation Curve
    CONCLUSION:
    IMPLICATIONS FOR FUTURE FTC ENFORCEMENT
    Chapter 13: Panel Discussion
    Lessons for Setting Priorities
    Index

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