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Does Biden Competition Policy Harm Competition?
Since George Stigler’s seminal article “The Theory of Economic Regulation”, scholars have recognized that regulation and regulatory agencies are often subject to capture by special interest groups in the industries they regulate. In July 2021, the Biden Administration released an Executive Order on Competition (EOC) which outlined a “whole of government” approach to addressing allegedly flagging competition in the U.S. economy. As part of this approach, the EOC specifically mentioned industries as targets for re-regulation including transportation, shipping, agriculture, and communications. Could these regulatory initiatives be counterproductive to the goal of increasing competition? To discuss this topic, Alden Abbott of the Mercatus Center will moderate a discussion with two distinguished scholars of regulation: Howard Beales III, former Director of the Bureau of Competition at the Federal Trade Commission and Professor Emeritus at George Washington university; and Mark Jamison, Gunter Professor of the Public Utility Research Center at the University of Florida’s Warrington College of Business.

Sep 12, 2022 02:00 PM in Eastern Time (US and Canada)

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