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There seems to be consensus that the Department of Justice's 1984 Vertical Merger Guidelines do not reflect either modern theoretical and empirical economic analysis or current agency enforcement policy. Yet widely divergent views of preferred enforcement policies have been expressed among...
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We offer recommendations for how the Department of Justice and the Federal Trade Commission can update the Horizontal Merger Guidelines ("HMGs") to strengthen merger enforcement. We focus our recommendations on three main areas. First, we suggest several ways that the HMGs can strengthen the...
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