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The Economics of Consumer Protection, Antitrust, …
The Economics of Consumer protection , antitrust , and policy Michael R. BayeDirector of the Bureau of Economics , FTC&Kelley School of Business, Indiana UniversityThese are my views and do not necessarily represent those of theFederal Trade Commission or any of the Individual CommissionersThe FTC Our Goal: Enhance Consumer welfare Three missions work hand-in-hand to achieve this goal Competition ( antitrust ) Consumer protection Public policy /Advocacy/R&DCompetition Competition: The ultimate Consumer protection Competition benefits consumers through Lower prices Improved quality Greater Consumer choice Increased innovationCompetition policy in the US Protects the competitive process from abuses Stops cartels Stops abuse of dominance Prevents mergers that would lea
The Economics of Consumer Protection, Antitrust, and Policy Michael R. Baye Director of the Bureau of Economics, FTC & Kelley School of Business, Indiana University
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