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<Para ID="Par1">We discuss in this essay three of the matters on which economists in the Bureau of Economics (BE) at the Federal Trade Commission have worked this past year. BE revisited familiar ground in the first matter, a proposed merger of office supply retailers. The second part of the essay considers...</para>
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Economics at the Federal Trade Commission (FTC) supports both the competition and consumer protection missions of the agency. In this year’s essay we discuss a range of activities focusing on data-intensive antitrust cases in the hospital and consumer products industries. We also discuss our...
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In a laboratory ultimatum bargaining experiment, responder behavior is more consistent with game-theoretic predictions when responders indicate a binding minimum acceptable offer (MAO) or when rejection penalizes a "hostage" third player. In general, female subjects indicated higher MAOs but had...
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