Economics at the Â鶹´«Ã½ Trade Commission (FTC) supports both the competition and consumer protection missions of the agency. In this yearÂ’'s essay we discuss two issues, one from each of the agencyÂ’'s missions. First, we focus on intellectual property issues in pharmaceuticals. Specifically, we discuss the principal rationale for antitrust concerns about certain patent dispute settlements in the ethical drug industry. Then, we discuss consumer economics, our recent behavioral economics conference, and how behavioral economics influences our thinking about consumer policy.
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