This article is a transcript of the presentations given by Dennis Carlton and Michael Salinger at the University College London’s Annual Antitrust and Regulation Forum held on February 21, 2007 and hosted by the Jevons Institute for Competition Law and Economics.

Despite the frequent disputes about whether antitrust policy toward mergers is either too lax or too stringent and despite the importance of mergers to the U.S. economy, U.S. policymakers lack any systematic quantitative study of the effectiveness of U.S. merger policy. Dennis Carlton proposes a...

Discussing some of the theoretical and empirical strengths and weaknesses of the approaches to antitrust analysis, including a critique of some of the recent methods. Dennis Carlton (Univ. of Chicago)