Should the Philadelphia National Bank Presumption Be Abandoned or Allowed to Evolve?
Abstract
In a recent speech, FTC Commissioner Joshua D. Wright called on courts to abandon the presumption established in Philadelphia National Bank (PNB) that mergers of rival firms with high market shares in concentrated markets harm competition. We previously have written on this topic and wanted to comment on his proposal and suggest an alternative. We think that presumption should not be abandoned, but should continue to evolve.
Source Publication
Antitrust & Competition Policy Blog
Repository Citation
Jonathan Baker & Steven Salop,
Should the Philadelphia National Bank Presumption Be Abandoned or Allowed to Evolve?,
Antitrust & Competition Policy Blog
(2013).
Available at:
https://digitalcommons.wcl.american.edu/pub_disc_media/156