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Reimagining Antitrust Institutions: A (Modest?) Proposal

  • Douglas H. Ginsburg and Joshua D. Wright EMAIL logo
Published/Copyright: May 28, 2024
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Abstract

It is always an appropriate time to reevaluate, reexamine, and question the optimal scope and shape of antitrust institutions. In this article we ask whether the complex current distribution of competition functions in the U.S. can be improved by some reorganization or other reform. We answer in the affirmative and propose a number of improvements – perhaps the most significant being consolidating the competition functions of the FTC into the Antitrust Division and stripping the FCC of authority independently to review mergers, as it did in view of the similarly poor performance of the DOT when reviewing airline mergers. Our more general proposal with the authority of sectoral regulators over competition should not be overlooked, however; it would do much good with little or no downside.

JEL Classification: K21; K23; L4

Corresponding author: Joshua D. Wright, Lodestar Law and Economics, Mclean, VA, USA, E-mail:

Ginsburg is a Professor of Law, Antonin Scalia Law School at George Mason University; Judge, United States Court of Appeals for the District of Columbia Circuit; Chairman of the Global Antitrust Institute’s International Board of Advisors; and former Assistant Attorney General in charge of the Antitrust Division of the U.S. Department of Justice. Wright is the founding partner at Lodestar Law & Economics and former Commissioner, U.S. Federal Trade Commission. We thank Alexander Kraszewski, James Ryan Conde, Daniel Lynch, Lauren Aragon, and Ian Fraser for research assistance.


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Received: 2023-10-03
Accepted: 2023-11-04
Published Online: 2024-05-28

© 2024 Walter de Gruyter GmbH, Berlin/Boston

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