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8th Annual Bill Kovacic Salon - Webinar #3: Economic Recovery: What Role for Competition Policy? Cooperation, Mergers, Failing Firm Defense...

This webinar was organized by Concurrences, in partnership with Axinn, Clifford Chance, Charles River Associates, Cornerstone Research, EconONE, Freshfields, and Orrick, with Jennifer Mellott (Freshfields), Michael Murray (U.S. Department of Justice), Hal Singer (EconONE), and William Kovacic (The George Washington University Law School).

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SYNTHESIS

The moderator, Professor William E. Kovavic, started the discussion by asking the panelists about how recovery expenditures might be shaped and structured by the government to increase possibilities for competition, and whether the government should attach conditions to subsidies and benefits that are directly related to the pursuit of pro-competition goals.

Hal Singer (EconOne) suggested that the government should deliberately aim recovery expenditure programs at smaller economic agents in industries that are vulnerable to the pandemic, and have a chance of surviving in a “post-Amazon retail apocalypse world.” He thought that industries that fall under the standard experiential goods, for example gyms, cafes, or even an axe-throwing recreational shop, would have a better chance at surviving in a new landscape. He also thought restaurants should receive funding since they help keep local economies afloat.

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Speakers

  • Freshfields Bruckhaus Deringer (Washington)
  • US Department of Justice - Antitrust Division (Washington)
  • Econ One Research (Washington D.C.)
  • United Kingdom’s Competition Authority - CMA (London)