Horizontal Mergers, Entry and Efficiency Defences

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Horizontal Mergers, Entry and Efficiency Defences by : David M. Spector

Download or read book Horizontal Mergers, Entry and Efficiency Defences written by David M. Spector and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses the effect of horizontal mergers on prices. It is shown that if firms compete in quantities and marginal costs are nondecreasing, any profitable merger failing to generate technological synergies must harm consumers through higher prices, irrespective of entry conditions in the industry. However this result does not hold if products are differentiated and firms compete in prices. The implications for merger policy are discussed.

Horizontal Mergers, Entry, and Efficient Defences

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ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (498 download)

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Book Synopsis Horizontal Mergers, Entry, and Efficient Defences by : David M. Spector

Download or read book Horizontal Mergers, Entry, and Efficient Defences written by David M. Spector and published by . This book was released on 2001 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is shown that if firms compete in quantities and marginal costs are nondecreasing, any profitable merger failing to generate technological synergies must harm consumers through higher prices, irrespective of entry conditions in the industry. However this result does not hold if products are differentiated and firms compete in prices. The implications for merger policy are discussed. Keywords: Horizontal mergers, competition policy, oligopoly theory. JEL Classifications: D43, K21, L13, L41.

Horizontal Mergers with Free-Entry

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ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Horizontal Mergers with Free-Entry by : Luis M. B. Cabral

Download or read book Horizontal Mergers with Free-Entry written by Luis M. B. Cabral and published by . This book was released on 2008 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: I analyze the effects of a merger between two firms in a spatially differentiatedoligopoly. I make the crucial assumption that the industry is at a free-entry equilibriumboth before and after the merger. In particular, I allow for the possibility of entry subsequent to the merger. Not surprisingly, this possibility improves the effect of the merger on consumer welfare. More importantly, I show that post-merger entry dramatically shifts the perspective on cost efficiencies as a merger defense and asset sales as a remedy. Cost efficiencies (in the form of lower marginal cost) decreasethe likelihood of entry, and thus benefit consumers less than if entry conditions wereexogenously given. Likewise, by selling assets (stores) to potential rivals, merging firms effectively buy them oreg;,quot; that is, dissuade them from opening new stores, an effect that is detrimental to consumers.

The Economic Assessment of Mergers Under European Competition Law

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Publisher : Cambridge University Press
ISBN 13 : 1107007720
Total Pages : 559 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis The Economic Assessment of Mergers Under European Competition Law by : Daniel Gore

Download or read book The Economic Assessment of Mergers Under European Competition Law written by Daniel Gore and published by Cambridge University Press. This book was released on 2013-04-25 with total page 559 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a clear, concise and practical overview of the key economic techniques and evidence employed in European merger control.

The Efficiencies Defense in Merger Antitrust

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Publisher :
ISBN 13 :
Total Pages : 526 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis The Efficiencies Defense in Merger Antitrust by : Robert E. DeYoung

Download or read book The Efficiencies Defense in Merger Antitrust written by Robert E. DeYoung and published by . This book was released on 1989 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Horizontal Mergers

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Publisher : American Bar Association
ISBN 13 : 9780897072403
Total Pages : 356 pages
Book Rating : 4.0/5 (724 download)

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Book Synopsis Horizontal Mergers by : William Blumenthal

Download or read book Horizontal Mergers written by William Blumenthal and published by American Bar Association. This book was released on 1986 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Number 14 in the Antitrust law Section monograph series, this work summarizes the state of the law in every area affecting semihorizontal, conglomerate and vertical mergers, and was prepared as a companion to Monograph 12.

How the Chicago School Overshot the Mark

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Publisher : Oxford University Press
ISBN 13 : 0199706751
Total Pages : 324 pages
Book Rating : 4.1/5 (997 download)

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Book Synopsis How the Chicago School Overshot the Mark by : Robert Pitofsky

Download or read book How the Chicago School Overshot the Mark written by Robert Pitofsky and published by Oxford University Press. This book was released on 2008-10-14 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the Chicago School Overshot the Mark is about the rise and recent fall of American antitrust. It is a collection of 15 essays, almost all expressing a deep concern that conservative economic analysis is leading judges and enforcement officials toward an approach that will ultimately harm consumer welfare. For the past 40 years or so, U.S. antitrust has been dominated intellectually by an unusually conservative style of economic analysis. Its advocates, often referred to as "The Chicago School," argue that the free market (better than any unelected band of regulators) can do a better job of achieving efficiency and encouraging innovation than intrusive regulation. The cutting edge of Chicago School doctrine originated in academia and was popularized in books by brilliant and innovative law professors like Robert Bork and Richard Posner. Oddly, a response to that kind of conservative doctrine may be put together through collections of scores of articles but until now cannot be found in any one book. This collection of essays is designed in part to remedy that situation. The chapters in this book were written by academics, former law enforcers, private sector defense lawyers, Republicans and Democrats, representatives of the left, right and center. Virtually all agree that antitrust enforcement today is better as a result of conservative analysis, but virtually all also agree that there have been examples of extreme interpretations and misinterpretations of conservative economic theory that have led American antitrust in the wrong direction. The problem is not with conservative economic analysis but with those portions of that analysis that have "overshot the mark" producing an enforcement approach that is exceptionally generous to the private sector. If the scores of practices that traditionally have been regarded as anticompetitive are ignored, or not subjected to vigorous enforcement, prices will be higher, quality of products lower, and innovation diminished. In the end consumers will pay.

The Entry Inducing Effects of Horizontal Mergers

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Entry Inducing Effects of Horizontal Mergers by : Gregory Werden

Download or read book The Entry Inducing Effects of Horizontal Mergers written by Gregory Werden and published by . This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Reinvigorating Horizontal Merger Enforcement

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ISBN 13 :
Total Pages : 59 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Reinvigorating Horizontal Merger Enforcement by : Jonathan B. Baker

Download or read book Reinvigorating Horizontal Merger Enforcement written by Jonathan B. Baker and published by . This book was released on 2008 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past forty years have witnessed a remarkable transformation in horizontal merger enforcement in the United States. With no change in the underlying statute, the Clayton Act, the weight given to market concentration by the federal courts and by the federal antitrust agencies has declined dramatically. Instead, increasing weight has been given to three arguments often made by merging firms in their defense: entry, expansion and efficiencies. We document this shift and provide examples where courts have approved highly concentrating mergers based on limited evidence of entry and expansion. We show using merger enforcement data and a survey we conducted of merger practitioners that the decline in antitrust enforcement is ongoing, especially at the current Justice Department. We then argue in favor of reinvigorating horizontal merger enforcement by partially restoring the structural presumption and by requiring strong evidence to overcome the government's prima facie case. We propose several routes by which the government can establish its prima facie case, distinguishing between cases involving coordinated vs. unilateral anti-competitive effects.

Economic Analysis and EC Merger Policy

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Economic Analysis and EC Merger Policy by : Massimo Motta

Download or read book Economic Analysis and EC Merger Policy written by Massimo Motta and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of the Antitrust Process

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Publisher : Springer Science & Business Media
ISBN 13 : 146131397X
Total Pages : 265 pages
Book Rating : 4.4/5 (613 download)

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Book Synopsis The Economics of the Antitrust Process by : M.B. Coate

Download or read book The Economics of the Antitrust Process written by M.B. Coate and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the antitrust process and how that process affects the efficiency of antitrust law enforcement. The contributors share a wide range of experiences in the antitrust process, including academia, the legal environment, and both private and public sectors. The book deals first with merger activities, followed by non-merger enforcement initiatives and concludes with an examination of the future role of antitrust.

Using the Efficiencies Defense in Horizontal Mergers

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ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (641 download)

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Book Synopsis Using the Efficiencies Defense in Horizontal Mergers by : Avi Weiss

Download or read book Using the Efficiencies Defense in Horizontal Mergers written by Avi Weiss and published by . This book was released on 1989 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Topics in Horizontal Mergers Policy

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Publisher :
ISBN 13 :
Total Pages : 222 pages
Book Rating : 4.:/5 (863 download)

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Book Synopsis Topics in Horizontal Mergers Policy by : Edward Iacobucci

Download or read book Topics in Horizontal Mergers Policy written by Edward Iacobucci and published by . This book was released on 1993 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Efficiencies and Horizontal Mergers

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Publisher :
ISBN 13 :
Total Pages : 142 pages
Book Rating : 4.:/5 (37 download)

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Book Synopsis Efficiencies and Horizontal Mergers by : Mark N. Berry

Download or read book Efficiencies and Horizontal Mergers written by Mark N. Berry and published by . This book was released on 1994 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Horizontal Merger Guidelines

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ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Horizontal Merger Guidelines by : National Association of Attorneys General

Download or read book Horizontal Merger Guidelines written by National Association of Attorneys General and published by . This book was released on 1992 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Comparison Between United States and European Union Approach Towards Efficiency Defence in the Assessment of Horizontal Mergers

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Publisher :
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.:/5 (559 download)

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Book Synopsis A Comparison Between United States and European Union Approach Towards Efficiency Defence in the Assessment of Horizontal Mergers by : Umit Gorgulu

Download or read book A Comparison Between United States and European Union Approach Towards Efficiency Defence in the Assessment of Horizontal Mergers written by Umit Gorgulu and published by . This book was released on 2003 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Antitrust Paradox

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Publisher :
ISBN 13 : 9781736089712
Total Pages : 536 pages
Book Rating : 4.0/5 (897 download)

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Book Synopsis The Antitrust Paradox by : Robert Bork

Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.