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The critical loss test proposed by Barry Harris and Joseph Simons has become popular in helping define U.S. antitrust markets. The test commonly leads to large, inclusive markets. We show that it is problematic, for several reasons.
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Antiturst enforcement agencies and courts use net effect on price as a touchstone for the legality of mergers. This …
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This essay is a status report on the development of a new approach to analysis of mergers. This approach replaces … market-share- based presemptions with simulations of the effects of mergers within the context of tractable oligopoly models …
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differentiated products mergers: the Almost Ideal demand System (AIDS), logit, linear, and log-linear (constant elasticity). …
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