Simulation as an Alternative to Structural Merger Policy in Differentiated Products Industries View Full Text


Ontology type: schema:Chapter     


Chapter Info

DATE

1996

AUTHORS

Gregory J. Werden , Luke M. Froeb

ABSTRACT

Public policy toward horizontal mergers, as embodied in the case law and in the Horizontal Merger Guidelines issued in 1992 by the U.S. Department of Justice and Federal Trade Commission, is primarily structural. Relevant markets are first delineated; market shares are assigned; and particular market shares and levels of market concentration give rise to presumptions of illegality. While the presumptions can be overcome and there is much more than this to merger analysis, market delineation and market shares remain the heart and soul of horizontal merger policy. As the Supreme Court recently noted, “market definition generally determines the result of the case.”3 More... »

PAGES

65-88

References to SciGraph publications

  • 1994-02. The welfare economics of a health plan merger in JOURNAL OF REGULATORY ECONOMICS
  • 1991-01. Residual demand estimation for market delineation: Complications and limitations in REVIEW OF INDUSTRIAL ORGANIZATION
  • 1992-06. The reverse Cellophane fallacy in market delineation in REVIEW OF INDUSTRIAL ORGANIZATION
  • 1996. Simulating the Effects of Mergers Among Noncooperative Oligopolists in COMPUTATIONAL ECONOMICS AND FINANCE
  • Book

    TITLE

    The Economics of the Antitrust Process

    ISBN

    978-1-4612-8605-9
    978-1-4613-1397-7

    Identifiers

    URI

    http://scigraph.springernature.com/pub.10.1007/978-1-4613-1397-7_4

    DOI

    http://dx.doi.org/10.1007/978-1-4613-1397-7_4

    DIMENSIONS

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