This paper studies Tesoro's 2013 acquisition of British Petroleum's Los Angeles refinery. We present a merger simulation model tailored to the gasoline market, which includes Cournot firms and a price-taking fringe. This hybrid model generates margins that are more plausible than those generated...

This study compares the productivity of six major US and Japanese motor vehicle manufacturers---General Motors, Ford, Chrysler, Toyota, Nissan and Mazda---from the early 1950's through 1987. Techniques of productivity measurement, conventionally applied at the level of industries or national...

The recent emergence worldwide of pro-market regimes and the subsequent adoption of competition policies and enforcement agencies by nations worldwide have renewed interest in the harmonization of competition policy between the world's various antitrust agencies. Proposals by noted scholars and...