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Don’t panic over claims of rising concentration, DOJ economists insist amid debate

As debate over reform of antitrust laws heats up, two senior Justice Department economists have taken issue with claims of increasing industry concentration, as outlined by the Obama administration’s Council of Economic Advisers.

“Don’t panic” is the advice offered in a paper co-authored by Gregory Werden, senior economic counsel in the antitrust division and Luke Froeb, a deputy assistant attorney general in the division, who contend that “increasing market concentration does not indicate whether antitrust reform is needed.” (The two economists issued the usual disclaimer that...

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