Timothy Brennan_Should antitrust break with the past?

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Should Antitrust break with the past?_ presentation at the second Florence Competition Programme, 20-21 October 2017, Florence

Presentations & Public Speaking

Should antitrust break with the
past?
Tim Brennan*
Professor, Public Policy and Economics, UMBC
Senior Fellow, Resources for the Future
brennan@umbc.edu
Anti-Trust and Anti-Globalization
Second FCP Annual Conference
European University Institute
Florence, Italy
21 October 2017

Will US antitrust enforcement be different?
• Changes of goals more likely had Sec. Clinton
been elected
• But: AT&T/Time Warner Cable
• “America First”: anti-globalisation?
• Advocates across political spectrum
2nd FCP Ann. Conf., Florence IT 21 Oct. 2017Brennan: Other goals for antirust 2

Should antitrust enforcement pursue
different goals? Things to keep in mind
• Including anti-globalisation
• Tradeoff: Willing to let prices go up if …
• What else (beside price regulation) for static
efficiency?
• Better policy tools for other goals
• Isn’t antitrust already hard enough?
2nd FCP Ann. Conf., Florence IT 21 Oct. 2017Brennan: Other goals for antirust 3

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Timothy Brennan_Should antitrust break with the past?

1. Should antitrust break with the past? Tim Brennan* Professor, Public Policy and Economics, UMBC Senior Fellow, Resources for the Future brennan@umbc.edu Anti-Trust and Anti-Globalization Second FCP Annual Conference European University Institute Florence, Italy 21 October 2017

2. Will US antitrust enforcement be different? • Changes of goals more likely had Sec. Clinton been elected • But: AT&T/Time Warner Cable • “America First”: anti-globalisation? • Advocates across political spectrum 2nd FCP Ann. Conf., Florence IT 21 Oct. 2017Brennan: Other goals for antirust 2

3. Should antitrust enforcement pursue different goals? Things to keep in mind • Including anti-globalisation • Tradeoff: Willing to let prices go up if … • What else (beside price regulation) for static efficiency? • Better policy tools for other goals • Isn’t antitrust already hard enough? 2nd FCP Ann. Conf., Florence IT 21 Oct. 2017Brennan: Other goals for antirust 3

Timothy Brennan_Should antitrust break with the past?

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