In the Microsoft case, the Department of Justice (DOJ) applied Post-Chicago theories of strategic behavior to anecdotal evidence of Microsoft's behavior and obtained a judgment against specific conduct. This paper takes a critical look at the theories of the case and the industry facts to...

The modern Merger Guidelines have controlled merger policy for over three decades. Economic theory has evolved (and continues to evolve) and revisions of the Merger Guidelines have integrated some of these considerations into the merger review methodology. This paper tabulates and evaluates...

Merger analysis is a field in which economic theory is systematically applied, day-in, day-out. Economics structures the definition of the relevant market, and then economics drives the evaluation of the likely competitive effect of the merger. Exactly which models appear to be used by Federal...