This Essay provides an overview of U.S. antitrust merger practice in addressing efficiencies both in terms of actual … debates regarding shifts in antitrust merger enforcement are without empirical support. This Response addresses each of these … “agencies”) analysis of efficiencies during investigations and the broader process of negotiations involving mergers. For …

The 1997 Merger Guidelines appeared to significantly expand the role of efficiency considerations in merger analysis … than reform policy. By combining an existing review of Federal Trade Commission merger studies after the 1997 reform, with … a new review of merger studies from the five years prior to the revision, it is possible to shed some light on this …

The 2010 Merger Guidelines define an improved road-map for merger analysis. Evidence is elevated to a position of … standard Guidelines' methodology.We recognize that the revisions significantly improve the transparency of merger policy, but …

The recently issued revision of the U.S. Horizontal Merger Guidelines, like its predecessors and mirrored by similar … guidelines throughout the world, devotes substantial attention to the market definition process and the implications of market … increased openness toward more direct, economically based methods of predicting the competitive effects of mergers. This article …

The use of conduct remedies in merger enforcement raises a number of serious issues, and it may be difficult or … impossible to use these remedies as the basis for a competitively desirable relief. Thus, the antitrust authorities should make … at most only a limited use of these remedies and should continue to prefer divestiture. Moreover, the U.S. antitrust …

Critical observers state that current antitrust policies fall short of addressing the wider societal implications of a … market economy, inter alia in merger control. The interests of employees in decent wages, merger impacts on the environment … consumers the mandate of being the ultimate sovereign over the outcomes of the competitive process. Antitrust agencies would …

We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990-2009 period. Our … remedies, and preventions – phase-1 remedies lead to fewer merger notifications in subsequent years.Furthermore, the deterrence …-off level employed by the EC.Additionally, we find that phase-1 remedies do not deter clearly pro-competitive mergers, but do …

We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990-2009 period. Our … remedies, and preventions – phase-1 remedies lead to fewer merger notifications in subsequent years. Furthermore, the ….2 cut-off level employed by the EC. Additionally, we find that phase-1 remedies do not deter clearly pro-competitive mergers …

such as innovation. This question arises because competition authorities are intervening in horizontal mergers that are … post-merger R&D efforts (including lower expenditure). SIEIC is distinct from the mainstream unilateral effects theory of … recently, the European Commission (“Commission”) used its powers under the EU Merger Regulation (“EUMR”) to impose remedies in …

played a key role in bringing economic rationality to merger policy, and antitrust policy more generally …When viewed through the lens of current practice, antitrust policy in the 1960s appears to be economically irrational …. However, a closer look at Donald F. Turner's tenure as head of the Antitrust Division from 1965 to 1968 suggests otherwise …