Merger Enforcement Workshop
February 17-19, 2004

Workshop Agenda

The Antitrust Division and the Federal Trade Commission are cohosting a public workshop on merger enforcement. This page provides the agenda, session transcripts, participants, and their submissions for the workshop’s following three days:

• February 17
• February 18
• February 19

For more information, consult the workshop information page.

February 17, 2004
Transcript (PDF, WordPerfect)

Morning Session

9:00–9:45	Opening Remarks
	Timothy J. Muris, Chairman, Federal Trade Commission (FTC)   Prepared Remarks (FTC)
	R. Hewitt Pate, Assistant Attorney General, Antitrust Division, U.S. Department of Justice (DOJ)
10:00–12:00	Hypothetical Monopolist Test
	Moderator: Gregory J. Werden (DOJ)
	Panel: William Blumenthal, King & Spalding   Why Bother?: On Market Definition under the Merger Guidelines John D. Harkrider, Axinn, Veltrop & Harkrider   Operationalizing the Hypothetical Monopolist Test Barry C. Harris, Economists, Inc.   Recent Observations About Critical Loss Analysis Willard K. Tom, Morgan, Lewis & Bockius   Market Definition Under the Merger Guidelines: Some Modest Proposals

Afternoon Session

1:30–3:30	Concentration & Market Shares
	Moderator: David S. Sibley (DOJ)
	Panel: John E. Kwoka, Jr., Northeastern University   Some Thoughts on Concentration, Market Shares, and Merger Enforcement Policy Janet L. McDavid, Hogan & Hartson Steven A. Newborn, Weil, Gotshal & Manges Craig M. Newmark, North Carolina State University   Price-Concentration Studies: There You Go Again Charles F. “Rick” Rule, Fried, Frank, Harris, Shriver & Jacobson Vincent Verouden, European Commission, DG Comp.   The Role of Market Shares and Market Concentration Indices in the European Commission's Guidelines on the Assessment of Horizontal Mergers Under the EC Merger Regulation Annex Concentration Indices and Market Shares in the EU Horizontal Merger Guidelines
3:45–5:00	Monopsony
	Moderator: Kenneth Heyer (DOJ)
	Panel: Peter Carstensen, University of Wisconsin   Buyer Power and Merger Analysis—The Need for Different Metrics Marius Schwartz, Georgetown University   Should Antitrust Assess Buyer Market Power Differently than Seller Market Power? C. Robert Taylor, Auburn University   The Many Faces of Power in the Food System

February 18, 2004
Transcript (PDF, WordPerfect)

Morning Session

9:00–10:15	Non-Price Competition/Innovation
	Moderator: Mark W. Frankena (FTC)
	Panel: Ronald W. Davis   Innovation Markets: An Overview Ann Malester, Weil, Gotshal & Manges Richard T. Rapp, NERA   Innovation Market Analysis After Genzyme-Novazyme Steven C. Sunshine, Shearman & Sterling   Innovation Markets Analysis: When Should This Tool Come Out of the Shed?
10:30–12:30	Unilateral Effects
	Moderator: Luke M. Froeb (FTC)   Unilateral Effects Session
	Panel: Joseph Kattan, Gibson, Dunn & Crutcher   Unilateral Effects Gregory K. Leonard, NERA   In Defense of Merger Simulation Abbott B. “Tad” Lipsky, Jr., Latham & Watkins   Unilateral Effects: A Case Study of the Role of Economics in Antitrust Decision Making Ariel Pakes, Harvard University Valerie Robassa, EC/DG Comp.   US Workshop on Merger Enforcement Gregory J. Werden, Justice Department   A Daubert Discipline for Merger Simulation

Afternoon Session

1:45–3:45	Coordinated Effects
	Moderator: Michael H. Knight (FTC)
	Panel: Jonathan B. Baker, American Unversity Andrew R. Dick, Charles River Associates   Strengthening the Micro Foundations for Coordinated Interaction in Merger Analysis Deborah A. Garza, Fried, Frank, Harris, Shriver & Jacobson James R. Loftis   Coordinated Effects Deborah P. Majoras, Jones Day Reavis & Pogue Steven C. Salop, Georgetown University David T. Scheffman, LECG   Quantitative Analyses of Potential Competitive Effects from a Merger   Potential “Non-Unilateral” Effects From a Merger
4:00–5:15	Uncommitted Entry
	Moderator: Theodore Gebhard (FTC)
	Panel: Timothy Daniel, NERA   Uncommitted Entry in the Merger Guidelines: It’s Not Whether – It’s When A. Douglas Melamed, Wilmer Cutler Pickering   Outline of Comments re “Uncommitted Entry” Frederick R. Warren-Boulton, MiCRA Mark D. Whitener, General Elec. Co.   Firms that Participate Through a Supply Response: Uncommitted Entry   Slides

February 19, 2004
Transcript (PDF, WordPerfect)

Morning Session

9:00–12:00	Efficiencies/Dynamic Analysis/Integrated Analysis
	Moderators: Alden F. Abbott & Mary T. Coleman (FTC)
	Panel: J. Mark Gidley, White & Case Ilene Knable Gotts, Wachtell, Lipton, Rosen & Katz   The Role of Efficiencies in Integrated Merger Analysis Gotts, Ilene Knable and Calvin S. Goldman, “The Role of Efficiencies in M&A Global Antitrust Review: Still in Flux?,” in Annual Proceedings of the Fordham Corporate Law Institute, International Antitrust Law and Policy, ed. Barry E. Hawk (Fordham Corporate Law Institute, 2003) William J. Kolasky, Wilmer Cutler Pickering   Prepared Remarks Kolasky, William J., “Effectively Advocating Efficiencies in Merger Reviews,” Antitrust Report, Spring 2003 Kolasky, William J., “Lessons from Baby Food: The Role of Efficiencies in Merger Review,” Antitrust, Vol. 16, No. 1, Fall 2001 Kolasky, William J. and Andrew R. Dick, “The Merger Guidelines and the Integration of Efficiencies into Antitrust Review of Horizontal Mergers,” Antitrust LJ, Vol. 71, No. 1, 2003 Robert Pitofsky, Georgetown University David T. Scheffman, LECG   Efficiencies/Dynamic Analysis/Integrated Analysis Joseph J. Simons, Paul, Weiss, Rifkind, Wharton & Garrison   Unified Merger Analysis: Integrating Anticompetitive Effects and Efficiencies, and Emphasizing First Principles Vincent Verouden, EC/DG Comp.   Merger Analysis and the Role of Efficiencies in the EU   Annex

Afternoon Session

1:30–4:30	Economists and Lawyers' Roundtable
	Moderator: R. Hewitt Pate (DOJ)
	Panel: William Baer, Arnold & Porter Jonathan B. Baker, American University Wayne D. “Dale” Collins, Shearman & Sterling James Loftis, Gibson, Dunn & Crutcher James F. Rill, Howrey & Simon Daniel L. Rubinfeld, University of California, Berkeley Robert D. Willig, Princeton University Dennis W. Carlton, University of Chicago

Additional Submissions

• Comments of the American Antitrust Institute on Horizontal Merger Analysis and the Role of Concentration in the Merger Guidelines
• Comments of the National Grocers Association Presented to the Federal Trade Commission and the Antitrust Division of the Department of Justice for Their Joint Workshop on Merger Enforcement

Related Internet Site

FTC Website: FTC/DOJ Joint Workshop on Merger Enforcement