Top Tweets for #ConsumerWelfareStandard
“If antitrust action is a hammer, competitive markets have become a nail” – a new must read report from @RSI on the economic benefits of the #ConsumerWelfareStandard and the potential negative impacts of @LinaKhanFTC’s radical agenda https://t.co/OVUN1ddhqn🚨 🚨 🚨
🤨 🔍 Analyzing Lina Khan's FTC Chairmanship: Critics wonder, 'Does she even go here?' as her approach appeared to diverge from the Consumer Welfare Standard. What's the real impact of this departure on consumers and competition policy? #FTC #ConsumerWelfareStandard @tzduren
Glick, Lozada, & Bush have an article in @ProMarket_org based on their INET working paper arguing to replace the #ConsumerWelfareStandard w/ modern welfare analysis in antitrust https://t.co/PLUkNNP779
Darren Bush, Mark Glick, and Gabriel A. Lozada argue that the #ConsumerWelfareStandard is inconsistent with modern welfare economics and that a modern approach to antitrust could integrate traditional Congressional goals advocated by the Neo-Brandesians. https://t.co/p20UOWLNsU
.@zingales' takeaways from #StiglerAntitrust23 last week:
The #ConsumerWelfareStandard has been a political choice for economists to keep certain non-market factors being considered in #antitrust. And nobody is really willing or able to defend the standard anymore.
"The end of the #ConsumerWelfareStandard demands that #antitrust practitioners and authorities revamp their current suite of tools, and not just use the same old tools under a new headline," writes @Caffar3Cristina as part of our #StiglerAntitrust23 series
https://t.co/4ppBWT8pDG
Huge win for Apple - 9th Cir says that App Store is NOT a monopoly due to the innovative American environment
"Though Apple has significant market power, the court found it to be insufficiently durable given the rapidly changing nature of the market."
https://t.co/mDDfEaEkmI
.@superwuster points to our collection on the #consumerwelfarestandard on @ProMarket_org.
He asks: Should we stop using "consumer welfare" and focus instead on the competitive process -- not go case-by-case when many things we care about are immeasurable https://t.co/1Abzs9RdgY
AAG Jonathan Kanter has famously said that #ConsumerWelfareStandard is a catchphrase, not a standard, because if one asks "five antitrust experts what the consumer welfare standard means, you will often get six different answers."
Here at #StiglerAntitrust23, we will test this
The #consumerwelfarestandard is the prevailing guide to enforcing #antitrust law in the U.S.
This panel at #StiglerAntitrust23 next week will ask five experts what is the meaning of the standard.
Moderated by @zingales.
Register for our livestream: https://t.co/ZfyRS1Xf9n
"The #consumerwelfarestandard can’t be saved with more theory," write @LancieriFilippo and @TomValletti for #StiglerAntitrust23. "The problem is how it works in practice, and solving that means changing the burden of proof in antitrust cases."
https://t.co/paCSu3E2IS
The American elite has *always* hated antitrust. In the 1980s, #RonaldReagan, abetted by #RobertBork and his co-conspirators at the #ChicagoSchoolOfEconomics gutted antitrust through something called the "#ConsumerWelfareStandard."
15/
@jrhuddles At #CatoEcon panelists outline why the current structure values the #ConsumerWelfareStandard, #Disruption, #Innovation, and #Competition and warn of the dangers of antitrust populism while discussing the damage #AICOA and similar proposals could do to #Antitrust
📢 #CallForPapers 🧵 👇
We are inviting submissions of short academic articles (up to 3000 words) focused on the development of a legal/economic standard that can serve as a replacement/improvement of the current #ConsumerWelfareStandard. Learn more: https://t.co/1LdubqUont
RSVP below to attend in-person!
It is difficult to find a more central concept to US #antitrust enforcement than the #ConsumerWelfareStandard. Some want to keep it, others reform it, some eliminate it. In this panel at #StiglerAntitrust22 we will hear from the multiple different views: https://t.co/eh8adLXKG3
By abandoning the #ConsumerWelfareStandard & protecting less efficient competitors, the proposed strategy signals a new populist era at the @FTC, says @aurelienportues
https://t.co/VWiTY9s1hH’s-draft-mission-statement-signals-new-populist-era-antitrust-says-itif
[PODCAST] In this first episode E. Fox & F. Jenny bring you their conversation about the role of the consumer welfare standard in competition law.
Listen and subscribe to the podcast: https://t.co/As9tCY7vEN
#AntitrustCode #Antitrust #Podcast #ConsumerWelfareStandard
![CompetitionLaws's tweet photo. [PODCAST] In this first episode E. Fox & F. Jenny bring you their conversation about the role of the consumer welfare standard in competition law.
Listen and subscribe to the podcast: https://t.co/As9tCY7vEN
#AntitrustCode #Antitrust #Podcast #ConsumerWelfareStandard https://t.co/4NEsUWkuzR](https://pbs.twimg.com/media/FC21wz-WUAkXghA.jpg)
Kudos to @jeffreywestling at @RSI who nails it in an incisive article explaining exactly what is wrong with Josh Hawley’s (@HawleyMO) Trust Busting for the 21st Century Act. Read analysis and link to article here: https://t.co/9kPXe86kJG #antitrust #consumerwelfarestandard
The #consumerwelfarestandard prescribes testable & objective metrics of consumer harm. New #populist standards would include bright-line laws or expand law’s reach to irrelevant issues, robbing voters of their agency by empowering regulators.
@kristianstout @CmteForJustice
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