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The American Antitrust Institute hosted its 17th Annual Conference “Living with Market Concentration? New Perspectives on Merger Policy” on Thursday, June 16, 2016. The plenary panels and breakout sessions focused on merger enforcement against a backdrop made more complex by the wave of recent consolidation, growing evidence on the effects of previous consolidation, and challenges posed by merger remedies.
The conference highlighted several major and frontier issues in merger enforcement. Northeastern University Professor John Kwoka discussed the growing challenge of merger remedies from his latest book Mergers, Merger Control, and Remedies (MIT Press). Penn State Law Professor Beth Farmer moderated the afternoon plenary panel on mergers with international dimensions. Breakout sessions focused on critical, evolving, and innovative issues, such as the role of economics in antitrust analysis, defining markets around customers and channels, competitive effects and bargaining power, private merger litigation, and broadening the lens on merger review.
Bill Baer, the Acting Associate Attorney General of the Department of Justice, delivered the keynote address at the conference luncheon.
Jonathan W. Cuneo received the AAI’s Alfred E. Kahn Award for Antitrust Achievement.
Jonathan B. Baker was awarded the Jerry S. Cohen Award for Antitrust Scholarship for his article “Taking the Error Out of ‘Error Cost’ Analysis: What’s Wrong with Antitrust’s Right,” 80 Antitrust L.J. 1 (2015).
WELCOME AND OVERVIEW
Diana Moss, President, American Antitrust Institute
THE GROWING CHALLENGE OF MERGER REMEDIES
John Kwoka, Neal F. Finnegan Distinguished Professor of Economics, Northeastern University; Director, American Antitrust Institute
Leah Brannon, Partner, Cleary Gottlieb Steen & Hamilton LLP
Daniel P. Ducore, Assistant Director for Compliance, Bureau of Competition, Federal Trade Commission
MORNING BREAKOUT SESSIONS
MORNING BREAKOUT SESSIONS
I. Bargaining Power and Other Novel Theories of Competitive Harm
Christopher Sagers, James A. Thomas Distinguished Professor of Law, Cleveland- Marshall College of Law
Deborah L. Feinstein, Director, Bureau of Competition, Federal Trade Commission
Joshua S. Gans, Jeffrey S. Skoll Chair of Technical Innovation and Entrepreneurship and Professor of Strategic Management, Rotman School of Management, University of Toronto
Robin Lee, Assistant Professor of Economics Department of Economics, Harvard University
William Rogerson, Harold and Virginia Anderson Professor of Economics, Northwestern University
II. A Fresh Look at the Role of Economics in Antitrust Analysis
Roger Noll, Professor of Economics Emeritus, Stanford University
Wayne Dale Collins, Partner, Shearman & Sterling LLP
Bonny E. Sweeney, Partner, Hausfeld
III. Defining Antitrust Markets Around Customers and Channels – Murrow
Randy Stutz, Associate General Counsel, American Antitrust Institute
Charles Loughlin, Deputy Chief Trial Counsel, Federal Trade Commission
Frederick R. Warren-Boulton, Managing Director, Navigant Consulting, Inc.