SlideShare a Scribd company logo

Goals of Competition Policy – WEBER WALLER – December 2022 OECD discussion

This presentation by Spencer Weber Waller (Justice John Paul Stevens Chair in Competition Law and Professor, Loyola University Chicago School of Law) was made during the discussion “The Goals of Competition Policy” held at the 21st meeting of the OECD Global Forum on Competition on 1 December 2022. The session webcast as well as more papers and presentations on the topic can be found out at https://oe.cd/gcp. This presentation was uploaded with the author’s consent.

Goals of Competition Policy – WEBER WALLER – December 2022 OECD discussion

1 of 18
Download to read offline
Click to edit Master title style
1
Lasting Change in
Competition Law
& Policy
S p e n c e r W e b e r W a l l e r
J o h n P a u l S t e v e n s C h a i r i n C o m p e t i t i o n L a w
L o y o l a U n i v e r s i t y C h i c a g o S c h o o l o f L a w
Click to edit Master title style
2
Necessary Disclaimer
2
• Although serving as an unpaid consultant
to the U.S. Federal Trade Commission for
2022
• Participating in the Global Competition
Forum solely in my “Loyola Hat” in my
private capacity as a legal academic and
a faculty member at Loyola University
Chicago School of Law
• Nothing I say represents the views of the
U.S. FTC, any of its commissioners, or
staff and only draws upon non-confidential
information in the public domain
Click to edit Master title style
3
Time of Passionate Debate of
Fundamental Goals on Antitrust
3
• Total Welfare
• Consumer Welfare
• Consumer Welfare +
• Competitive Process
• Fairness
• Address Inequality and Development Needs
• Promote and Protect Democracy
• Support Climate Change
Click to edit Master title style
4
Jurisdictions express a multiplicity of preferences in
different ways that change over time
4
• Relatively rare that objectives of
competition law spelled out explicitly in
constitutions or treaties
• Similarly rare where objectives of
competition law set forth explicitly in
legislation or implementing regulations
• Where spelled out multiple and
sometime conflicting goals identified
• See ICN, Report on the Objectives of
Unilateral Conduct Laws (2007)
• Identified Goals Also change over time
• Consider some of the contemporary
debates about if/how competition law and
policy can address such diverse issues
as:
• Sustainability
• Democracy
• Digitalization
• Inflation
• Income inequality
• Labor
• Fairness
Click to edit Master title style
5
To Paraphrase Justice Oliver Wendell Holmes
5
• Deep-seated
preferences cannot
be argued about-
you cannot argue a
person into liking a
glass of beer
• (or a particular goal
of antitrust)
Click to edit Master title style
6
Current Debate about the Goals of Antitrust is Important but
Only Half the Story
6
• Reasonable people can differ over goals
of competition law and policy
• Debates over consumer welfare,
competitive process, fairness, democracy,
are not going away
• There is a progressive turn in the United
States at the moment
• Regardless of nature and direction of
change equally important question is how
to achieve lasting change
• I focus on how to achieve that lasting
change regardless of the goals each
jurisdiction seeks to adopt
Ad

Recommended

Pháp luật về thương mại điện tử tại Việt Nam thực trạng và một số khuyến nghị
Pháp luật về thương mại điện tử tại Việt Nam thực trạng và một số khuyến nghị Pháp luật về thương mại điện tử tại Việt Nam thực trạng và một số khuyến nghị
Pháp luật về thương mại điện tử tại Việt Nam thực trạng và một số khuyến nghị nataliej4
 
Tax Residency Certificate in UAE.pdf
Tax Residency Certificate in UAE.pdfTax Residency Certificate in UAE.pdf
Tax Residency Certificate in UAE.pdfFiyona Nourin
 
INTERNATIONAL TRADE LAW THEORIES
INTERNATIONAL TRADE LAW THEORIESINTERNATIONAL TRADE LAW THEORIES
INTERNATIONAL TRADE LAW THEORIESJAIMOLTHOMAS1
 
Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việt Nam hiệ...
Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việt Nam hiệ...Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việt Nam hiệ...
Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việt Nam hiệ...nataliej4
 
BÀI GIẢNG TƯ PHÁP QUỐC TẾ
BÀI GIẢNG TƯ PHÁP QUỐC TẾ BÀI GIẢNG TƯ PHÁP QUỐC TẾ
BÀI GIẢNG TƯ PHÁP QUỐC TẾ nataliej4
 

More Related Content

What's hot

Internet Jurisdiction: Who controls the Internet?
Internet Jurisdiction: Who controls the Internet?Internet Jurisdiction: Who controls the Internet?
Internet Jurisdiction: Who controls the Internet?CubReporters.org
 
WORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATIONWORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATIONKaustubh Gupta
 
Trade Regulations and Industrial Policies
Trade Regulations and Industrial PoliciesTrade Regulations and Industrial Policies
Trade Regulations and Industrial Policiesreoharsa
 
兩岸服貿協議應如何重新談判
兩岸服貿協議應如何重新談判兩岸服貿協議應如何重新談判
兩岸服貿協議應如何重新談判showling
 
International Business Dynamics by Nagarjun Reddy module 3
International Business Dynamics by Nagarjun Reddy module 3International Business Dynamics by Nagarjun Reddy module 3
International Business Dynamics by Nagarjun Reddy module 3PNagarjunReddyReddy
 
Luận án: Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việ...
Luận án: Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việ...Luận án: Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việ...
Luận án: Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việ...Viết thuê trọn gói ZALO 0934573149
 
‌International bussiness law
‌International bussiness law‌International bussiness law
‌International bussiness lawAnuj Malhotra
 
An Introduction to WTO Rules on Market Access
An Introduction to WTO Rules on Market AccessAn Introduction to WTO Rules on Market Access
An Introduction to WTO Rules on Market AccessSimon Lacey
 
Gst and fiscal federalism
Gst and fiscal federalismGst and fiscal federalism
Gst and fiscal federalismAbdul
 
solution-manual-for-international-economics-theory-and-policy.pdf
solution-manual-for-international-economics-theory-and-policy.pdfsolution-manual-for-international-economics-theory-and-policy.pdf
solution-manual-for-international-economics-theory-and-policy.pdfBehzadfahmidehkar1
 
Quant Overledger - OIX Open Identity Exchange 14th July 2018
Quant Overledger - OIX Open Identity Exchange 14th July 2018Quant Overledger - OIX Open Identity Exchange 14th July 2018
Quant Overledger - OIX Open Identity Exchange 14th July 2018Gilbert Verdian
 
Banana wars trade war between usa and european union
Banana wars  trade war between usa and european unionBanana wars  trade war between usa and european union
Banana wars trade war between usa and european unionAvinondon Chatterjee
 

What's hot (20)

Internet Jurisdiction: Who controls the Internet?
Internet Jurisdiction: Who controls the Internet?Internet Jurisdiction: Who controls the Internet?
Internet Jurisdiction: Who controls the Internet?
 
International trade
International tradeInternational trade
International trade
 
WORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATIONWORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATION
 
Trade Regulations and Industrial Policies
Trade Regulations and Industrial PoliciesTrade Regulations and Industrial Policies
Trade Regulations and Industrial Policies
 
兩岸服貿協議應如何重新談判
兩岸服貿協議應如何重新談判兩岸服貿協議應如何重新談判
兩岸服貿協議應如何重新談判
 
International Business Dynamics by Nagarjun Reddy module 3
International Business Dynamics by Nagarjun Reddy module 3International Business Dynamics by Nagarjun Reddy module 3
International Business Dynamics by Nagarjun Reddy module 3
 
Luận án: Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việ...
Luận án: Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việ...Luận án: Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việ...
Luận án: Thực hiện pháp luật về kiểm soát thỏa thuận hạn chế cạnh tranh ở Việ...
 
‌International bussiness law
‌International bussiness law‌International bussiness law
‌International bussiness law
 
Luận văn: Pháp luật về chống cạnh tranh không lành mạnh, HOT
Luận văn: Pháp luật về chống cạnh tranh không lành mạnh, HOTLuận văn: Pháp luật về chống cạnh tranh không lành mạnh, HOT
Luận văn: Pháp luật về chống cạnh tranh không lành mạnh, HOT
 
Luận văn: Pháp luật Việt Nam về đấu thầu xây dựng, HAY
Luận văn: Pháp luật Việt Nam về đấu thầu xây dựng, HAYLuận văn: Pháp luật Việt Nam về đấu thầu xây dựng, HAY
Luận văn: Pháp luật Việt Nam về đấu thầu xây dựng, HAY
 
An Introduction to WTO Rules on Market Access
An Introduction to WTO Rules on Market AccessAn Introduction to WTO Rules on Market Access
An Introduction to WTO Rules on Market Access
 
Pháp luật về chống bán phá giá hàng hóa giữa Việt Nam và Hoa Kỳ
Pháp luật về chống bán phá giá hàng hóa giữa Việt Nam và Hoa KỳPháp luật về chống bán phá giá hàng hóa giữa Việt Nam và Hoa Kỳ
Pháp luật về chống bán phá giá hàng hóa giữa Việt Nam và Hoa Kỳ
 
BÀI MẪU Luận văn thạc sĩ ngành luật thương mại quốc tế, 9ĐIỂM
BÀI MẪU Luận văn thạc sĩ ngành luật thương mại quốc tế, 9ĐIỂMBÀI MẪU Luận văn thạc sĩ ngành luật thương mại quốc tế, 9ĐIỂM
BÀI MẪU Luận văn thạc sĩ ngành luật thương mại quốc tế, 9ĐIỂM
 
Luận văn: Pháp luật kiểm soát tập trung kinh tế ở Việt Nam, HOT
Luận văn: Pháp luật kiểm soát tập trung kinh tế ở Việt Nam, HOTLuận văn: Pháp luật kiểm soát tập trung kinh tế ở Việt Nam, HOT
Luận văn: Pháp luật kiểm soát tập trung kinh tế ở Việt Nam, HOT
 
Gst and fiscal federalism
Gst and fiscal federalismGst and fiscal federalism
Gst and fiscal federalism
 
Đề tài: Pháp luật về hợp đồng thương mại điện tử ở Việt Nam, HAY
Đề tài: Pháp luật về hợp đồng thương mại điện tử ở Việt Nam, HAYĐề tài: Pháp luật về hợp đồng thương mại điện tử ở Việt Nam, HAY
Đề tài: Pháp luật về hợp đồng thương mại điện tử ở Việt Nam, HAY
 
Wto dispute settlement
Wto dispute settlementWto dispute settlement
Wto dispute settlement
 
solution-manual-for-international-economics-theory-and-policy.pdf
solution-manual-for-international-economics-theory-and-policy.pdfsolution-manual-for-international-economics-theory-and-policy.pdf
solution-manual-for-international-economics-theory-and-policy.pdf
 
Quant Overledger - OIX Open Identity Exchange 14th July 2018
Quant Overledger - OIX Open Identity Exchange 14th July 2018Quant Overledger - OIX Open Identity Exchange 14th July 2018
Quant Overledger - OIX Open Identity Exchange 14th July 2018
 
Banana wars trade war between usa and european union
Banana wars  trade war between usa and european unionBanana wars  trade war between usa and european union
Banana wars trade war between usa and european union
 

Similar to Goals of Competition Policy – WEBER WALLER – December 2022 OECD discussion

Just do it! - CEO Activism
Just do it! - CEO ActivismJust do it! - CEO Activism
Just do it! - CEO ActivismHarshit Sachdeva
 
The Seven Habits of Highly Ineffective Global Business People
The Seven Habits of Highly Ineffective Global Business PeopleThe Seven Habits of Highly Ineffective Global Business People
The Seven Habits of Highly Ineffective Global Business PeopleKegler Brown Hill + Ritter
 
Session 5 - International Business environment.pptx
Session 5 - International Business environment.pptxSession 5 - International Business environment.pptx
Session 5 - International Business environment.pptxGianginhThThy
 
Three views-of-standardization-20170428
Three views-of-standardization-20170428Three views-of-standardization-20170428
Three views-of-standardization-20170428ssuser6f9b37
 
The external assessment strategy management
The external assessment strategy managementThe external assessment strategy management
The external assessment strategy managementHimanshu Tiwari
 
Sustainable Purchasing: Reimagining Principles and Practices for Mainstream A...
Sustainable Purchasing: Reimagining Principles and Practices for Mainstream A...Sustainable Purchasing: Reimagining Principles and Practices for Mainstream A...
Sustainable Purchasing: Reimagining Principles and Practices for Mainstream A...Sustainable Brands
 
culturebusinesssystems-120422012158-phpapp01.pdf
culturebusinesssystems-120422012158-phpapp01.pdfculturebusinesssystems-120422012158-phpapp01.pdf
culturebusinesssystems-120422012158-phpapp01.pdfRienarahRhyjinChaizu
 
Marketing business environment
Marketing business environmentMarketing business environment
Marketing business environmentsohrab mahmoodi
 
BA225 Week seven chapter 11 ppt
BA225 Week seven   chapter 11 pptBA225 Week seven   chapter 11 ppt
BA225 Week seven chapter 11 pptBealCollegeOnline
 
Marketing concepts 1
Marketing concepts 1Marketing concepts 1
Marketing concepts 1Tamil Arasan
 
Gbe & ibe comp ltd
Gbe & ibe  comp ltdGbe & ibe  comp ltd
Gbe & ibe comp ltdHtun Aung Zaw
 

Similar to Goals of Competition Policy – WEBER WALLER – December 2022 OECD discussion (20)

Just do it! - CEO Activism
Just do it! - CEO ActivismJust do it! - CEO Activism
Just do it! - CEO Activism
 
The Seven Habits of Highly Ineffective Global Business People
The Seven Habits of Highly Ineffective Global Business PeopleThe Seven Habits of Highly Ineffective Global Business People
The Seven Habits of Highly Ineffective Global Business People
 
Session 5 - International Business environment.pptx
Session 5 - International Business environment.pptxSession 5 - International Business environment.pptx
Session 5 - International Business environment.pptx
 
Three views-of-standardization-20170428
Three views-of-standardization-20170428Three views-of-standardization-20170428
Three views-of-standardization-20170428
 
The external assessment strategy management
The external assessment strategy managementThe external assessment strategy management
The external assessment strategy management
 
Sustainable Purchasing: Reimagining Principles and Practices for Mainstream A...
Sustainable Purchasing: Reimagining Principles and Practices for Mainstream A...Sustainable Purchasing: Reimagining Principles and Practices for Mainstream A...
Sustainable Purchasing: Reimagining Principles and Practices for Mainstream A...
 
culturebusinesssystems-120422012158-phpapp01.pdf
culturebusinesssystems-120422012158-phpapp01.pdfculturebusinesssystems-120422012158-phpapp01.pdf
culturebusinesssystems-120422012158-phpapp01.pdf
 
Marketing business environment
Marketing business environmentMarketing business environment
Marketing business environment
 
BA225 Week seven chapter 11 ppt
BA225 Week seven   chapter 11 pptBA225 Week seven   chapter 11 ppt
BA225 Week seven chapter 11 ppt
 
Business environment
Business environmentBusiness environment
Business environment
 
Marketing concepts 1
Marketing concepts 1Marketing concepts 1
Marketing concepts 1
 
BUS2036.1.pdf
BUS2036.1.pdfBUS2036.1.pdf
BUS2036.1.pdf
 
How can competition contribute to fairer societies? – BAKER – November 2018 O...
How can competition contribute to fairer societies? – BAKER – November 2018 O...How can competition contribute to fairer societies? – BAKER – November 2018 O...
How can competition contribute to fairer societies? – BAKER – November 2018 O...
 
Chapter 2
Chapter 2Chapter 2
Chapter 2
 
Class 6 Uber.pptx
Class 6 Uber.pptxClass 6 Uber.pptx
Class 6 Uber.pptx
 
Chapter 3 .pptx
Chapter 3 .pptxChapter 3 .pptx
Chapter 3 .pptx
 
Gbe & ibe comp ltd
Gbe & ibe  comp ltdGbe & ibe  comp ltd
Gbe & ibe comp ltd
 
EFM
EFMEFM
EFM
 
Hot issues in politics and policy (NCVO Annual Conference 2012)
Hot issues in politics and policy (NCVO Annual Conference 2012)Hot issues in politics and policy (NCVO Annual Conference 2012)
Hot issues in politics and policy (NCVO Annual Conference 2012)
 
Global marketing
Global marketingGlobal marketing
Global marketing
 

More from OECD Directorate for Financial and Enterprise Affairs

More from OECD Directorate for Financial and Enterprise Affairs (20)

Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...
 
Ex-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussionEx-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussion
 
Ex-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussionEx-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussion
 
Ex-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussionEx-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussion
 
Ex-post Assessment of Merger Remedies – OECD – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – OECD – December 2023 OECD discussionEx-post Assessment of Merger Remedies – OECD – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – OECD – December 2023 OECD discussion
 
Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...
Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...
Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...
 
Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...
 
Alternatives to Leniency Programmes – SERBIA – December 2023 OECD discussion
Alternatives to Leniency Programmes – SERBIA – December 2023 OECD discussionAlternatives to Leniency Programmes – SERBIA – December 2023 OECD discussion
Alternatives to Leniency Programmes – SERBIA – December 2023 OECD discussion
 
Alternatives to Leniency Programmes – ITALY – December 2023 OECD discussion
Alternatives to Leniency Programmes – ITALY – December 2023 OECD discussionAlternatives to Leniency Programmes – ITALY – December 2023 OECD discussion
Alternatives to Leniency Programmes – ITALY – December 2023 OECD discussion
 
Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...
Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...
Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...
 
Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...
Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...
Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...
 
Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...
Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...
Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...
 
Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...
Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...
Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...
 
Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...
Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...
Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...
 
Serial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussionSerial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussion
 
Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...
Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...
Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...
 
Serial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussionSerial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussion
 
Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...
Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...
Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...
 
Competition and Innovation - The Role of Innovation in Enforcement Cases – OE...
Competition and Innovation - The Role of Innovation in Enforcement Cases – OE...Competition and Innovation - The Role of Innovation in Enforcement Cases – OE...
Competition and Innovation - The Role of Innovation in Enforcement Cases – OE...
 
Competition and Professional Sports – BUDZINSKI – December 2023 OECD discussion
Competition and Professional Sports – BUDZINSKI – December 2023 OECD discussionCompetition and Professional Sports – BUDZINSKI – December 2023 OECD discussion
Competition and Professional Sports – BUDZINSKI – December 2023 OECD discussion
 

Recently uploaded

Forklift Telehandler ONLY Operator Training Revised_7.6.2022.pptx
Forklift Telehandler ONLY Operator Training Revised_7.6.2022.pptxForklift Telehandler ONLY Operator Training Revised_7.6.2022.pptx
Forklift Telehandler ONLY Operator Training Revised_7.6.2022.pptxbriancriswell1979
 
KKrish - DOVE Leadership Program Concept
KKrish - DOVE Leadership Program ConceptKKrish - DOVE Leadership Program Concept
KKrish - DOVE Leadership Program ConceptKarthik Krishna
 
ONLINE RESORT BOOKING SYSTEM WEBSITE 1.pptx
ONLINE RESORT BOOKING SYSTEM WEBSITE 1.pptxONLINE RESORT BOOKING SYSTEM WEBSITE 1.pptx
ONLINE RESORT BOOKING SYSTEM WEBSITE 1.pptxDivyaPatel621561
 
Ammunition and it's types and use in forensic ballistics
Ammunition and it's types and use in forensic ballisticsAmmunition and it's types and use in forensic ballistics
Ammunition and it's types and use in forensic ballisticsshubhamdwivedi7521
 
West Africa Scene Setting African Continental Master Plan (CMP) for electrici...
West Africa Scene Setting African Continental Master Plan (CMP) for electrici...West Africa Scene Setting African Continental Master Plan (CMP) for electrici...
West Africa Scene Setting African Continental Master Plan (CMP) for electrici...Francois Stepman
 
"SACRED WAY" Athens - VENUE- presentation
"SACRED WAY" Athens - VENUE- presentation"SACRED WAY" Athens - VENUE- presentation
"SACRED WAY" Athens - VENUE- presentationVicky Evangeliou
 
Git and Github.pptx
Git and Github.pptxGit and Github.pptx
Git and Github.pptxaymanessam16
 
AWS RDS Data API and CloudTrail. Who drop the table_.pdf
AWS RDS Data API and CloudTrail. Who drop the table_.pdfAWS RDS Data API and CloudTrail. Who drop the table_.pdf
AWS RDS Data API and CloudTrail. Who drop the table_.pdfVladimir Samoylov
 
1.2 Ingredients Used for Sandwiches 1.3 Culinary Terms.pptx
1.2 Ingredients Used for Sandwiches 1.3 Culinary Terms.pptx1.2 Ingredients Used for Sandwiches 1.3 Culinary Terms.pptx
1.2 Ingredients Used for Sandwiches 1.3 Culinary Terms.pptxNinia
 
Scaling up renewable energy investments in West Africa
Scaling up renewable energy investments in West AfricaScaling up renewable energy investments in West Africa
Scaling up renewable energy investments in West AfricaFrancois Stepman
 
DAY 05 Book of Revelation 2-18-24 PPT.pptx
DAY 05 Book of Revelation 2-18-24 PPT.pptxDAY 05 Book of Revelation 2-18-24 PPT.pptx
DAY 05 Book of Revelation 2-18-24 PPT.pptxFamilyWorshipCenterD
 

Recently uploaded (13)

An Inviting Church
An Inviting ChurchAn Inviting Church
An Inviting Church
 
Forklift Telehandler ONLY Operator Training Revised_7.6.2022.pptx
Forklift Telehandler ONLY Operator Training Revised_7.6.2022.pptxForklift Telehandler ONLY Operator Training Revised_7.6.2022.pptx
Forklift Telehandler ONLY Operator Training Revised_7.6.2022.pptx
 
KKrish - DOVE Leadership Program Concept
KKrish - DOVE Leadership Program ConceptKKrish - DOVE Leadership Program Concept
KKrish - DOVE Leadership Program Concept
 
ONLINE RESORT BOOKING SYSTEM WEBSITE 1.pptx
ONLINE RESORT BOOKING SYSTEM WEBSITE 1.pptxONLINE RESORT BOOKING SYSTEM WEBSITE 1.pptx
ONLINE RESORT BOOKING SYSTEM WEBSITE 1.pptx
 
Ammunition and it's types and use in forensic ballistics
Ammunition and it's types and use in forensic ballisticsAmmunition and it's types and use in forensic ballistics
Ammunition and it's types and use in forensic ballistics
 
West Africa Scene Setting African Continental Master Plan (CMP) for electrici...
West Africa Scene Setting African Continental Master Plan (CMP) for electrici...West Africa Scene Setting African Continental Master Plan (CMP) for electrici...
West Africa Scene Setting African Continental Master Plan (CMP) for electrici...
 
"SACRED WAY" Athens - VENUE- presentation
"SACRED WAY" Athens - VENUE- presentation"SACRED WAY" Athens - VENUE- presentation
"SACRED WAY" Athens - VENUE- presentation
 
Git and Github.pptx
Git and Github.pptxGit and Github.pptx
Git and Github.pptx
 
Becoming a Member of Society.pptx
Becoming a Member of Society.pptxBecoming a Member of Society.pptx
Becoming a Member of Society.pptx
 
AWS RDS Data API and CloudTrail. Who drop the table_.pdf
AWS RDS Data API and CloudTrail. Who drop the table_.pdfAWS RDS Data API and CloudTrail. Who drop the table_.pdf
AWS RDS Data API and CloudTrail. Who drop the table_.pdf
 
1.2 Ingredients Used for Sandwiches 1.3 Culinary Terms.pptx
1.2 Ingredients Used for Sandwiches 1.3 Culinary Terms.pptx1.2 Ingredients Used for Sandwiches 1.3 Culinary Terms.pptx
1.2 Ingredients Used for Sandwiches 1.3 Culinary Terms.pptx
 
Scaling up renewable energy investments in West Africa
Scaling up renewable energy investments in West AfricaScaling up renewable energy investments in West Africa
Scaling up renewable energy investments in West Africa
 
DAY 05 Book of Revelation 2-18-24 PPT.pptx
DAY 05 Book of Revelation 2-18-24 PPT.pptxDAY 05 Book of Revelation 2-18-24 PPT.pptx
DAY 05 Book of Revelation 2-18-24 PPT.pptx
 

Goals of Competition Policy – WEBER WALLER – December 2022 OECD discussion

  • 1. Click to edit Master title style 1 Lasting Change in Competition Law & Policy S p e n c e r W e b e r W a l l e r J o h n P a u l S t e v e n s C h a i r i n C o m p e t i t i o n L a w L o y o l a U n i v e r s i t y C h i c a g o S c h o o l o f L a w
  • 2. Click to edit Master title style 2 Necessary Disclaimer 2 • Although serving as an unpaid consultant to the U.S. Federal Trade Commission for 2022 • Participating in the Global Competition Forum solely in my “Loyola Hat” in my private capacity as a legal academic and a faculty member at Loyola University Chicago School of Law • Nothing I say represents the views of the U.S. FTC, any of its commissioners, or staff and only draws upon non-confidential information in the public domain
  • 3. Click to edit Master title style 3 Time of Passionate Debate of Fundamental Goals on Antitrust 3 • Total Welfare • Consumer Welfare • Consumer Welfare + • Competitive Process • Fairness • Address Inequality and Development Needs • Promote and Protect Democracy • Support Climate Change
  • 4. Click to edit Master title style 4 Jurisdictions express a multiplicity of preferences in different ways that change over time 4 • Relatively rare that objectives of competition law spelled out explicitly in constitutions or treaties • Similarly rare where objectives of competition law set forth explicitly in legislation or implementing regulations • Where spelled out multiple and sometime conflicting goals identified • See ICN, Report on the Objectives of Unilateral Conduct Laws (2007) • Identified Goals Also change over time • Consider some of the contemporary debates about if/how competition law and policy can address such diverse issues as: • Sustainability • Democracy • Digitalization • Inflation • Income inequality • Labor • Fairness
  • 5. Click to edit Master title style 5 To Paraphrase Justice Oliver Wendell Holmes 5 • Deep-seated preferences cannot be argued about- you cannot argue a person into liking a glass of beer • (or a particular goal of antitrust)
  • 6. Click to edit Master title style 6 Current Debate about the Goals of Antitrust is Important but Only Half the Story 6 • Reasonable people can differ over goals of competition law and policy • Debates over consumer welfare, competitive process, fairness, democracy, are not going away • There is a progressive turn in the United States at the moment • Regardless of nature and direction of change equally important question is how to achieve lasting change • I focus on how to achieve that lasting change regardless of the goals each jurisdiction seeks to adopt
  • 7. Click to edit Master title style 7 Most Traditional Tools Outside Direct Control of Enforcement Agencies 7
  • 8. Click to edit Master title style 8 Much Depends on Wise Use of Traditional Tools by the Enforcement Agencies 8 • Use All Statutory Tools • Strive for Unified Holistic Approach • Coordination with Consumer Protection • Coordination with other Departments/Ministries • Sectoral Regulators • Sub-federal governmental units • Engage the Public • Engage Internationally
  • 9. Click to edit Master title style 9 Use Full Arsenal of Statutory Tools to Create the Change You Seek 9 • Criminal • Civil • Robust Investigatory Powers Beyond Leniency • Consent Decrees • Advisory Opinions • Policy Statements • Guidelines • Rulemaking, Regulations, Directives, & Block Exemptions • Market Studies & Market Inquiries • Competition Advisory • Support Sub Federal & Private Enforcement • Amicus Briefs
  • 10. Click to edit Master title style 10 Competition as a Core Principle and Basis for Unified Policy 10 • Example of Biden Administration Executive Order • Competition Council including Exec Branch Agencies & Independent Regulatory Agencies • Partnerships rather than Competition Advocacy • MOUs • Accountability • Measurable Outcomes • Possibility of Embedded Competition Officers • Higher Level of Press and Public Attention
  • 11. Click to edit Master title style 11 Combining Approaches to Competition & Consumer Protection 11 • Combine Theories When Possible • Consider Remedy Driven Enforcement • Ride Sharing Abuses • Restrictions on Professional Advertising • Right of Repair • Hearing Aids • Protecting Farmers • Non-Competes • Data Privacy
  • 12. Click to edit Master title style 12 Engage Civil Society 12 • Hearings & Workshops • Speeches • Universities • Think Tanks • Traditional Media • Social Media • Innovative Outreach • The Importance of a General Audience • Pop Culture and Antitrust
  • 13. Click to edit Master title style 13 Focus on What Matters 13 • Necessities: Food, Fuel, Transportation, Construction • See Gregory Day, The Necessity in Antitrust Law, 78 Wash. & Lee L. Rev. 1289 (2022) • Deemphasize Yacht Broker Cartel type cases • Don’t Beat up on the Hapless • Examples of Food Deserts, see Christopher Leslie, Food Deserts, Racism, and Antitrust Law, Cal. L. Rev. (forthcoming 2022).
  • 14. Click to edit Master title style 14 Engage with the Legislature 14 • Most accountable and democratic branch of government • Virtuous circle if done right, Waller, Antitrust and Democracy, 46 Fl. St. U. L. Rev. 807 (2020) • Propose and Comment on Amendments • Budget • Oversight • Role of Blue Ribbon Commissions • Mandate Should be Clear on Goals • Introduce as Reform Package?
  • 15. Click to edit Master title style 15 An Example of Epic Change in the United States in the late 1930s 15 • Thurman Arnold one of key architects of chance • Longest Serving AAG • Brought Roughly the Same Number of Cases as in the entire history of the antitrust laws to that point • Best Selling Author - Media star • One of best known and most powerful members of the FDR Administration • Importance of Temporary Economy National Commission Fact Finding • Went after the rich and powerful individually as civil and criminal defendants
  • 16. Click to edit Master title style 16 But Wait There is More 16 • Increased staff from 11 to 500 • More than quadrupled the budget • New cases 11-92 (1938-40) • Investigations 59-215 (1938-40) • 1941 93 total civil/criminal cases involving 2909 defendants 24 pending grand juries • Established regional offices and modern advisory opinions • Used consent decrees to restructure entire industries • Helped make antitrust more of a kitchen table topic by bringing type of case that resonated with the general public • Autos • Movies • Kitchen Table Cases • Dairy, Tires. Newsprint, Steel, Potash, Wooden Ice Cream Sticks, Gas Stations • Int’l Cartels, IP, & Market Division • Tried or Argued in Person Key Cases; Alcoa (which he tried); AMA; Insurance; Socony Vacuum (all argued in SCOTUS)
  • 17. Click to edit Master title style 17 How Arnold Locked in Change 17 • More than Just Securing Necessary Resources for Public Enforcement • Created a Generation of Top Enforcers who pursued a similar agenda in both public service and private practice • Some changes codified into statute • Others became binding precedent • Importance of general procedural changes • Corporate sector itself changed • Public aware and supported this vision of antitrust as both proconsumer and prodemocracy
  • 18. Click to edit Master title style 18 Thanks and for more information 18 • Spencer Weber Waller • John Paul Stevens Chair in Competition Law • Loyola University Chicago School of Law • swalle1@luc.edu • www.luc.edu/antitrust • @sweberwaller on social media