merger’s ex post welfare effects can induce an entrant to choose an inefficient direction for its pre-merger investment …We examine the effects of merger and merger policy on a potential entrant’s pre-merger investment incentives. We … establish conditions under which the possibility of merger can induce an entrant to inefficiently imitate an incumbent’s product …

mergers in particular: critical loss analysis, upward pricing pressure, and the vertical arithmetic …

law. This is so even though substantive merger law is relatively well settled, most mergers are not anticompetitive, and … suboptimal relief for) an inefficiently large number of anticompetitive mergers. Examination of other advanced merger review …The institutional design of federal merger review in the United States leads to systematic underenforcement of merger …

This chapter aims to review data-driven mergers including, but not limited to, major conglomerates involving large … (Double Click), TomTom (Tele Atlas), Publicis/Omnicon, Telefonica/Vodafone UK, and so on. These mergers have been … unconditionally cleared based on the traditional law and economic analysis of mergers, known as a ‘significant impediment to effective …

We describe a simple initial indicator of whether a proposed merger between rivals in a differentiated product industry … from the merger, based on the price/cost margins of the merging firms' products and the extent of direct substitution …

Merger Guidelines issued in 2010 adopt an approach for reviewing mergers consistent with a decision-theoretic approach. But …'s intellectual property, unless a firm has illegitimately gained some edge in the market. And yet, in the context of merger review … tool to change the post-merger market dynamics. Although a remedial compulsory license may achieve the goal of restoring …

the Federal Trade Commission (“FTC”) in connection with their Request for Information on Merger Enforcement (“Merger RFI …”). This comment addresses the questions contained in Section 5 of the RFI related to the use of presumptions in merger … enforcement. Our view is that an important objective of the agency’s horizontal merger enforcement guidelines is to ensure that …

the Federal Trade Commission (“FTC”) in connection with their Request for Information on Merger Enforcement (“Merger RFI …”). The GAI welcomes the opportunity to provide input on the proposed changes to the Horizontal Merger Guidelines (“HMGs … Section 14 of the Merger RFI, in which the Agencies pose two questions that go to the heart of the treatment of efficiencies …

the Federal Trade Commission (“FTC”) in response to their Request for Information on Merger Enforcement. This Comment … addresses the questions related to Purpose, Harms and Scope. Our view is that the essential and defining purpose of merger … guidelines is to identify and describe how the agencies assess the legality of mergers. Such guidelines help assure reasonable …

the Federal Trade Commission (“FTC”) in connection with their Request for Information on Merger Enforcement (“Merger RFI …, preventing mergers that would likely create the harms generated by the exercise of classical monopsony power should be an … important goal of both antitrust law and merger policy.Based on the existing evidence, an empirically supported basis for the …