How a DOJ Economist Approaches Antitrust in America
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 23 May 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
The Department of Justice and the Federal Trade Commission have taken an invigorated approach to antitrust under the Biden administration, targeting companies for labor issues like non-competes, in addition to looking at more traditional measures of anti-competitive behavior, like higher pricing. But how does an economist examine the impact of monopoly practices on the overall economy, or take into account new and different measures of their effects? In this episode, we speak with Ioana Marinescu, principle economist at the DOJ's Antitrust Division, about how she analyzes these thorny issues and what she's learned from specific recent cases, like Activision/Overwatch League, or Penguin Random House’s attempted acquisition of Simon & Schuster.
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| 1:27.6 | Joe, we've done a little bit at this point on antitrust. |
| 1:31.2 | I feel like kind of interestingly the first time it ever really came |
| 1:35.9 | up substantively for us was I think it was like way back in 2020 or maybe 2021 where we were talking about the |
| 1:45.5 | potential for antitrust enforcement to bring down inflation I don't know if |
| 1:49.7 | you remember that totally no I do remember it I think we were talking about it actually in the context of shipping at the time. |
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