Introduction

• Author: David T. Scheffman
• DOI: 10.1177/0003603X9303800301
• Published date: 01 September 1993
• Date: 01 September 1993
• Subject Matter: Article

The Antitrust Bulletin/Fall 1993

Introduction

BY DAVID T. SCHEFFMAN*

473

Assistant Attorney General Rill and Deputy Assistant Attorney

General Willig set out to clarify enforcement policy and "get the

economics right." This was a Herculean effort, made even more

complicated by the decision to make the Guidelines, for the first

time,

joint

with the

FfC.

Were the 1992 Guidelines asuccess?

Although whether or not the goals

of

making enforcement policy

more transparent and "getting the economics right" have been met

is

controversial,

the many months

of

thought

and

discussion

within and outside the agencies certainly have resulted in greater

understanding of merger analysis. The thoughtful articles in the

Fall and Winter issues

of

The Antitrust Bulletin are evidence sup-

porting that assertion. However, one thing these articles make

clear is that there are significant disagreements, or at least ambi-

guities, both inside and outside the agencies about how the 1992

Guidelines should be interpreted on a number

of

important issues.

*Justin Potter Professor of American Competitive Enterprise and

Professor of Business Strategy and Marketing, Owen Graduate School of

Management, Vanderbilt University, and Principal, Law and Economics

Consulting Group.

AUTHOR'S NOTE: This research was supported by the

Dean's

fund

for

faculty research at the Owen Graduate School

of

Management.

Ii:) 1993 by Federal Legal Publications. Inc.