Coate, Malcolm B; Kleit, Andrew N; Bustamante, Rene - In: Economic Inquiry 33 (1995) 4, pp. 537-51
This paper models the reaction of firms to Federal Trade Commission (FTC) decisions that seek to block proposed horizontal mergers. The authors find that firms' responses to the FTC's decisions depend on a number of factors but only weakly on the structural merits of the FTC's challenge. For a...