The Merger Guidelines released in March 2008 by the Australian Competition and Consumer Commission (ACCC) provide a guide to the analytical approach the ACCC intends to adopt to assessing mergers for the purposes of s.50 of the Trade Practices Act. The new Guidelines do a relatively good job in...

Recent models which claim to provide examples of profitable foreclosure--when a firm weakens competition by reducing its access to customers or inputs--have led to calls for more aggressive antitrust activity by courts and regulators. However, we show that the alleged anticompetitive behavior of...