Creating competition policy: Betty Bock and the development of antitrust institutions

Article Abstract:

Betty Bock contributed to the development and maintenance of the US antitrust system from the 1940s until the 1990s. Courts and enforcement authorities have been aided by her academic research which resulted in the development of antitrust doctrines and policies. She contributed to the integration of economics and law in modern antitrust theory. As a practical matter, she instituted methods of information processing and flow within the antitrust community so that ideas could quickly and efficiently disseminate.

Competition (Economics), Practice, Antitrust law, Bock, Betty

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The quality of appointments and the capability of the Federal Trade Commission

Article Abstract:

The FTC cannot and probably will not ever live up to its potential as a business competition overseer and consumer protection agency because of the historic choice of mediocre commissioners. The late 1960s brought an improvement in the intelligence and capabilities of appointees but they continue to lack business or professional knowledge in the antitrust field. Making use of the superior talent available in the US would improve the agency and increase citizens' respect for it.

Human resource management, Appointments, resignations and dismissals, United States. Federal Trade Commission, Public officers, Government officials

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Law, economics, and the reinvention of public administration: using relational agreements to reduce the cost of procurement regulation and other forms of government intervention in the economy

Article Abstract:

The strict enforcement of imperfect regulatory procurement rules has created an inefficient system compared to the commercial sector's conduct under its relational procurement agreements. Relational contracts would be preferable to strict regulation because parties have the ability to make adjustments to meet unexpected situations. Reforms of procurement rules could be the standard for understanding new approaches to more efficient economic regulation and administrative laws.

Economic aspects, Contracts, Administrative law, Government purchasing, Public contracts, Government contracts

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