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Judge Robert Bork was undeniably one of the towering figures in antitrust history. He advanced the field positively in many respects, articulating a serious critique of excesses of an earlier social-political approach to antitrust. But as one of the conservative movement's intellectual...
Persistent link: https://www.econbiz.de/10013088926
This is one of the first articles to demonstrate that the primary goal of antitrust is neither exclusively to enhance economic efficiency, nor to address any social or political factor. Rather, the overriding intent behind the merger laws was to prevent prices to purchasers from rising due to...
Persistent link: https://www.econbiz.de/10013137684
Nascent Competitors and Antitrust Enforcement Regulation and Digital Platforms are excellent articles. Both raise timely and extremely important problems and analyze them rigorously. Sadly, neither offers practical solutions that courts often will utilize due to a Gordian knot of existing...
Persistent link: https://www.econbiz.de/10013231068
The antitrust laws, as they are presently interpreted, are incapable of blocking most of the very largest corporate mergers. They successfully blocked only three of the seventy-eight largest finalized mergers and acquisitions (defined as the acquired firm being valued at more than $10 billion)...
Persistent link: https://www.econbiz.de/10013250957
This article demonstrates that significant net efficiencies from a merger could cause prices to decrease, even if the merger results in a monopoly. The article also shows that a price focus would require substantially more efficiencies to justify an otherwise anticompetitive merger than would an...
Persistent link: https://www.econbiz.de/10013136414