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

Hardcover | September 19, 2013

EditorJames C. Cooper

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In the late 1970s, The Federal Trade Commission (FTC) was threatened with termination following a wave of criticism related to what was widely perceived to be a neglect of its fundamental competition and consumer protection responsibilities, along with its forays into "social engineering."Beginning in the early 1980s, under the direction of Chairman James Miller, the agency implemented a new era of economically-oriented analysis into its regulatory considerations. 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'sFTC, 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 economicsophistication.

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In the late 1970s, The Federal Trade Commission (FTC) was threatened with termination following a wave of criticism related to what was widely perceived to be a neglect of its fundamental competition and consumer protection responsibilities, along with its forays into "social engineering."Beginning in the early 1980s, under the directi...

James Campbell Cooper is the Director of Research and Policy at the Law and Economics Center, and a lecturer in law at George Mason University School of Law. He previously spent several years at the Federal Trade Commission serving as an advisor to Commissioner William E. Kovacic, and Acting Director of the FTC's Office of Policy Plann...
Format:HardcoverDimensions:224 pages, 9.25 × 6.12 × 0.98 inPublished:September 19, 2013Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199989281

ISBN - 13:9780199989287

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Table of Contents

James C. Cooper: ForewordIntroduction: Planting the Seeds of the Regulatory Revolution1. James C. Miller: Causes and Implications of the Regulatory Revolution at the FTC2. Panel Discussion: Politics and Policy in 1981Part 1: Jurisdiction, Policy and Procedure3. William E. Kovacic: The Federal Trade Commission and the Assignment of Regulatory Tasks4. Julie Brill: The Future of FTC Jurisdiction Over Antitrust and Consumer Protection: A Commentary5. Joshua D. Wright and Angela Diveley: Do Expert Agencies Outperform Generalist Judges? Some Preliminary Evidence from the Federal Trade Commission6. A. Douglas Melamed: Paradigm Shopping: Section 5, the FTC, and the CourtsPart 2: Consumer Protection7. Fred S. McChesney: Consumer Protection and James Miller at the Federal Trade Commission8. J. Howard Beales, III, Timothy J. Muris and Robert Pitofsky: In Defense of the Pfizer Factors9. Paul H. Rubin and Thomas M. Lenard: The FTC Then and Now: Privacy10. Paul A. Pautler: Regulation and Behavioral Economics in the Post-Miller FTCPart 3: Antitrust11. Richard S. Higgins and Mark Perelman: Tying to Mitigate the Deadweight Loss of Monopoly Pricing12. Daniel A. Crane: Section 5 and the Innovation CurveConclusion: Implications for Future FTC Enforcement13. Panel Discussion: Lessons for Setting PrioritiesIndex