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economy instead of standard antitrust concerns. In technology areas where the breakup reduced concentration, patenting …
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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 … instance, the article does not discuss the empirical work addressing when the agencies use efficiencies, the role antitrust …
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The 1914 Clayton Act prohibited any acquisition whose effect may be to “substantially” lessen competition. International Shoe defined § 7's word “substantially” by saying that an acquisition's effect is “substantial” only if it “will injuriously affect the public.” This paper...
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Documenting the US antitrust review process for M&As in detail, we unveil that regulatory costs and risks are … antitrust review outcome leads to a decline of 2.8 percent in acquirer firm value. We also show that lobbying before deal … antitrust concerns. However, this positive value effect of lobbying applies only in firms with strong corporate governance. Post …
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different competition policy measures: merger control, antitrust investigations on abuse of dominance, and changes of import …, mergers between Russian metal producers restrict competition and reduce consumer welfare. Antitrust investigations have a …
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