1 option
Did Robert Bork Understate the Competitive Impact of Mergers? Evidence from Consummated Mergers / Orley C. Ashenfelter, Daniel Hosken, Matthew C. Weinberg.
- Format:
- Book
- Author/Creator:
- Ashenfelter, Orley C.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w19939.
- NBER working paper series no. w19939
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- In The Antitrust Paradox, Robert Bork viewed most mergers as either competitively neutral or efficiency enhancing. In his view, only mergers creating a dominant firm or monopoly were likely to harm consumers. Bork was especially skeptical of oligopoly concerns resulting from mergers. In this paper, we provide a critique of Bork's views on merger policy from The Antitrust Paradox. Many of Bork's recommendations have been implemented over time and have improved merger analysis. Bork's proposed horizontal merger policy, however, was too permissive. In particular, the empirical record shows that mergers in oligopolistic markets can raise consumer prices.
- Notes:
- Print version record
- February 2014.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.