In September 2021, the Federal Trade commission decided to unilaterally withdraw from the U.S. Vertical Merger Guidelines just a year after they were jointly issued by the FTC and DOJ. This podcast beings together former staff from the FTC and DOJ to provide their insights into the FTC’s decision and future iterations of the Vertical Merger Guidelines.

Jennifer Juergens of Cornerstone Research interviews Jules van Binsbergen, Professor of Finance at the Wharton School, University of Pennsylvania. In this podcast, Professor van Binsbergen discusses his research related to investment fund management, mutual fund performance benchmarks, and optimal capital structure.

Nick Yavorsky of Cornerstone Research interviews Mark Garmaise, Professor of Finance at the UCLA Anderson School of Management. In this podcast, Professor Garmaise discusses his research on commercial real estate markets, entrepreneurial finance, and consumer finance. He also describes his empirical approach to the complex quantitative and qualitative issues that arise across these areas.

Lesley Chiou, professor of economics at Occidental College, is an expert on the economics of the internet. In this podcast, she discusses two-sided platforms and their impact on competition in the digital space.

Nari Subramanian of Cornerstone Research interviews Andrea Eisfeldt, the Laurence D. and Lori W. Fink Endowed Chair in Finance at the UCLA Anderson School of Management. In this podcast, Professor Eisfeldt talks about her research into asset market liquidity and corporate solvency and its relevance to market events during times of financial and economic crisis, such as the COVID-19 pandemic. Also highlighted in the interview is Professor Eisfeldt’s work in: Equity-based compensation Drivers of bank valuation ratios Fixed income strategies Asset management