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Comment on “Merger Policy in the United States” (1997)

Scherer, F. M.

Springer

Review of industrial organization 12 (1997), S. 687-691

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ISSN: 1573-7160

Keywords: Mergers ; antitrust

Source: Springer Online Journal Archives 1860-2000

Topics: Economics

Notes: Abstract This paper comments briefly on a merger policy article by Dennis Mueller. It concurs with Mueller's judgment that X-efficiency consequences are of crucial relevance in developing a sound antitrust policy toward mergers. It agrees also that firms proposing mergers overstepping structural guidelines should be permitted an efficiencies defense, but it stresses the difficulties of making ex ante efficiency predictions.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1023/A:1007702324969

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