Antitrust Merger Policy: Lessons from the Australian Experience / Philip L. Williams, Graeme Woodbridge.

Format:

Book

Author/Creator:

Williams, Philip L.

Contributor:

National Bureau of Economic Research.

Woodbridge, Graeme.

Series:

Working Paper Series (National Bureau of Economic Research) no. w9600.

NBER working paper series no. w9600

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Antitrust Merger Policy

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2003.

Summary:

A study of the operation of Australia's merger policy over the last twenty-seven years can yield lessons for countries that are contemplating the introduction of their own merger policy. If it is to be used to enhance value, merger policy should provide that any possible increase in monopoly power be weighed against any increases in efficiency. The process by which this is achieved should be undertaken with speed and secrecy so as not to deter efficiency-enhancing mergers. The twin requirements of speed and secrecy will, in turn, present problems in achieving fair process and the creation of precedent.

Notes:

Print version record

April 2003.