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In current horizontal merger policy in the US and the EU an explicit efficiency defense is allowed. On both sides of … the Atlantic mergers are unconditionally approved if internal efficiencies are sufficient to reverse the mergers …’ potential to harm consumers in the relevant market. Current merger policy is implicitly based on the assumption that rational …
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merger of office supply retailers. The second part of the essay considers efficiency claims in health care mergers, with …
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The paper provides a consistency analysis of the decisions taken by the Italian Competition Authority within the 1995-2003 period, concerning its control over mergers and acquisitions. An ample database was constructed using the tools of textual analysis. This data base was generated in a...
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