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  • Antitrust policy  (1)
  • efficiency  (1)
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  • 1
    Electronic Resource
    Electronic Resource
    U.S. merger policy and the 1992 Merger Guidelines (1993)
    Springer
    Review of industrial organization 8 (1993), S. 151-162 
    Details
    ISSN: 1573-7160
    Keywords: Antitrust policy
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article reviews the empirical evidence regarding the effects of mergers on corporate efficiency. In light of this evidence it then evaluates the effectiveness of U.S. merger policy as articulated in the 1992 Guidelines of the Department of Justice. It argues that the 1992 Guidelines and the U.S. Government's policies toward business more generally over the past 12 years have been characterized by a bias for bigness. It concludes that this bias will only be eliminated when government authorities in charge of merger policy recognize that many mergers lower economic efficiency and design and enforce their policies accordingly.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01034174
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    Antimerger policy in the United States: History and lessons (1996)
    Springer
    Empirica 23 (1996), S. 229-253 
    Details
    ISSN: 1573-6911
    Keywords: Antimerger policy ; United States ; Europe ; efficiency ; L41 ; G34 ; L21
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper reviews the history of US antimerger policy. This history is divided into three periods: a period in which there was almost no effective antimerger policy at all from 1890 up to 1959, a period of vigorous antimerger policy from 1950 up through 1973, and a period of lax enforcement from 1974 to the present. The paper accounts for these shifts in antimerger policy and discusses their effects. After reviewing the logic and consequences of US antimerger policy, a critique of its permises is offered, particularly as these premises apply to the recent era of lax enforcement. The paper closes with suggestions for an alternative approach to antimerger policy that is consistent with the empirical evidence on why mergers occur and their effects.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00924972
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    Paper (German National Licenses)
    Fulltext
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