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Considerations of Countervailing Power.

Authors :
Blair, Roger
DePasquale, Christina
Source :
Review of Industrial Organization; Aug2011, Vol. 39 Issue 1/2, p137-143, 7p
Publication Year :
2011

Abstract

The 2010 Horizontal Merger Guidelines set forth the current antitrust enforcement practices but do not address mergers that result in bilateral monopoly. We show that, given the presence of lawful, enduring market power, such mergers may improve social welfare. As a result, these mergers deserve careful scrutiny before condemning them as anticompetitive. In this paper, we address this issue and suggest an economically sound enforcement policy. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
0889938X
Volume :
39
Issue :
1/2
Database :
Complementary Index
Journal :
Review of Industrial Organization
Publication Type :
Academic Journal
Accession number :
63287046
Full Text :
https://doi.org/10.1007/s11151-011-9314-8