Michael Salinger and Sean Durkin worked with The Clearing House, an association of 24 of the largest US banks, to make a presentation to the Antitrust Division about its new Real Time Payment System. The Antitrust Division subsequently issued a business letter indicating that it had no intention of challenging the system or the rules and payments underlying it as antitrust violations.
“Suite dreams”: Market definition and complementarity in the digital age
Certain products exhibit such strong complementarities that they should not be evaluated separately. For example, consider a pair of shoes or the various...