Day 9 (Nov. 2) (Thurs.)

Official Transcript - HTML or PDF

Efficiencies (General)

9:30 a.m. - 12:00 noon
What Efficiencies Matter Most to Various Industries? Up to What Point Can Firms Benefit From Economies of Scale or Scope?

Norman R. Augustine (President, Lockheed/Martin Corp.) (Prepared Statement)
Donald Hudler (President, Saturn Corp.; Vice-President, General Motors Corp.) (Prepared Statement)
David Pitts (Pitts Management Associates)

1:30 p.m. - 3:00 p.m.
Should Antitrust Enforcers View Certain Efficiencies as More Important Than Others in Promoting Market Competition? Are Some Efficiencies Too Difficult to Measure or Subject to Manipulation by Private Parties? Should Enforcers Seek to Ensure That Efficiencies From a Merger Are Passed On to Consumers?

W. Dale Collins (Shearman & Sterling)
James Egan (Rogers & Wells) (Prepared Statement)
Ann Jones (Blecher & Collins) (Prepared Statement)
Professor Steven Salop (Georgetown Univ.) (Prepared Statement)

3:00 p.m. - 4:30 p.m.
What Can We Learn From Foreign Competition Regimes About the Extent To Which Enforcers Should Weigh -- or Can Measure -- Efficiencies or Other Public Benefits, Particularly in Mergers?

Commissioner Pascual Garcia Alva Iduñate (Federal Competition Commission, Mexico) (Prepared Statement)
Francine Matte (Senior Deputy Director, Bureau of Competition Policy, Canada)
Margaret Sanderson (Bureau of Competition Policy, Canada) (Prepared Statement)

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Rev. Thursday, June 20, 1996