Chris Sagers, the James A. Thomas Distinguished Professor of Law, wrote today at the invitation of the Stigler Center at the University of Chicago, in reply to remarks from Federal Trade Commissioner Maureen Ohlhausen. Earlier this year, Ohlhausen had taken Sagers to task for certain criticisms he’d made in an article for New York Times DealBook.
Sagers’ original NYT editorial is available here.
Commissioner Ohlhausen’s reaction is available here. Sagers’ reply is available here.
CM Law Faculty 
“Though she says that “[e]fficiencies are real”—citing no evidence for it in a speech critical of everyone else for failure to supply evidence—there is in fact no meaningful proof that consolidation generates social benefits. Especially in the case of mergers, a large and sophisticated empirical literature has been hunting for decades for evidence that mergers produce “efficiencies” or other benefits. The evidence has not been found.”
Nicely done, Chris!!!
Doron M. Kalir Clinical Professor of Law Director, International LL.M Program Cleveland-Marshall College of Law 1801 Euclid Ave., LB 138 Cleveland, OH 44115 d.kalir@csuohio.edu Tel.: (216) 687-3948 Fax: (216) 687-9297
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