Hariton, Cyril; Piaser, Gwenaël - Dipartimento di Economia, Università Ca' Foscari Venezia - 2006
It is often argued that, first, the decision criterion of antitrust authorities should be total social welfare and that, second, mergers increasing the value of this criterion but ending with lower consumer surplus should be allowed in the name of efficiency gains realized by merging firms. This...
