actually reduce consumer surplus which opposes the use of an efficiency defense in merger control. …

competition will be more than offset by the efficiencies that the merger would generate. This roundtable explored some of the … incorporate efficiencies in merger analysis. That reluctance is even greater with respect to dynamic efficiencies than it is with … respect to static ones. The reason is that even in a static analysis, determining whether a merger is likely to lead to …

their tendency to raise prices. Yet efficiencies are said to be rarely decisive in actual merger decision-making. Moreover …, the economic analysis of merger efficiencies lags far behind that of anticompetitive effects. This article addresses this … analytical gap, drawing attention to the merger specificity of both efficiencies and anticompetitive effects, the teachings of …

It is well known that an optimal merger policy requires consideration of efficiencies in enforcement decisions. However …, as understanding of a market's equilibrium structure is required to integrate the efficiency defense into a merger …