Fedele, Alessandro; Tognoni, Massimo - Dipartimento di Statistica, Università degli Studi di … - 2006
Under the principle of the Failing Firm Defense (FFD) a merger that would be blocked due to its harmful effect on competition could be nevertheless allowed when (i) the acquired firm is actually failing, (ii) there is no less anti-competitive alternative offer of purchase, (iii) absent the...