The FTC's Study and Advocacy Authority in its Second Century: A Look Ahead

Abstract

The Federal Trade Commission’s authority extends beyond antitrust law enforcement to include unique tools for industry study and competition advocacy that allow it to construct a broader competition policy program. These non-enforcement tools are especially important during times of change, when technology and other developments can trigger significant disruptions in the business environment. With respect to industries affected by such developments, it is essential that the agency uses these tools to continually upgrade its knowledge and performance capabilities and to give voice to the interests of consumers. This Essay discusses two specific tools: prospective study and competition advocacy in heavily regulated industries. It argues that these tools will become increasingly important in the FTC’s second century and will provide unique benefits to the agency, consumers, and the business community.

Keywords: Antitrust, Competition Advocacy, Federal Trade Commission

JEL Classification: L4, L5