This article demonstrates that significant net efficiencies from a merger could cause prices to decrease, even if the merger results in a monopoly. The article also shows that a price focus would require substantially more efficiencies to justify an otherwise anticompetitive merger than would an...

A common approach to merger simulations used in antitrust cases is to calibrate demand from market shares and a few additional parameters. When the products involved in the merger case are differentiated along several dimensions, the resulting diversion ratios may be very different from those...

This chapter examines anti-cartel enforcement in selected jurisdictions around the world, paying particular attention to the role of private court actions in attaining optimally deterring sanctions. The principal conclusions are as follows. There are numerous indicators that enforcement in North...

One important concern for the upcoming and highly-complex voluntary incentive auctions for broadcast television spectrum is the degree to which the largest mobile wireless providers will be allowed to participate. Recently, the U.S. Department of Justice encouraged the Federal Communications...

The Hart Scott Rodino program, coupled with the modern Merger Guidelines, has controlled merger enforcement for the last twenty years. Economists have offered numerous commentaries, some supportive of the status quo, others suggestive of change. This paper tabulates and evaluates information...

El presente estudio tiene como objetivo el análisis del mercado del tabaco en Colombia y el efecto de las políticas públicas de regulación, vigilancia y control. Específicamente pretende establecer cuál fue el comportamiento económico de las marcas y su evolución en términos de...

The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) requires that acquisitions of voting securities, assets, or non-corporate entities be notified to the Federal Trade Commission and the Department of Justice (the Agencies). While the Act has had a positive effect on the ability...

Policy makers are now confronting the possibility that incumbent telephone companies may retain a dominant position in the provision of local access in the long term and assessing the implications this may have for competition in complementary markets. “Structural separation” of incumbents...

This paper attempts a concise comparison of the rules applicable to the rejection of abnormally low and non-compliant tenders in a number of EU jurisdictions (namely, Denmark, France, Germany, Italy, Poland, Romania, Spain and the United Kingdom). In order to set the common ground for the...

In the face of declining leniency applications, and the risk that that poses to the effectiveness of anti-cartel enforcement, this paper considers the role that competition law specific liability insurance could have on rebalancing the calculation for determining whether to self-report