New Anti-Merger Theories: A Critique

Edward Lopez

Law and Economics from University Library of Munich, Germany

Abstract: The purpose of this paper is to evaluate two new anti-merger instruments, innovation markets and unilateral effects, on the basis of economic theory and evidence. I first discuss how the economics of antitrust has developed over the years, with the intention of characterizing the intellectual inheritance of 1990s’ antitrust regulators. Within this context, I then discuss each anti-merger instrument, how it has been applied in specific cases, and how it accords with underlying economic science. On the basis of these arguments, antitrust regulators should pause and reconsider the theoretical and empirical bases of applying unilateral effects and innovation markets to merger investigations.

Keywords: antitrust; mergers; innovation markets; unilateral effects (search for similar items in EconPapers)
JEL-codes: K (search for similar items in EconPapers)
Pages: 20 pages
Date: 2005-12-12
New Economics Papers: this item is included in nep-com, nep-hpe, nep-ind, nep-mic and nep-reg
Note: Type of Document - pdf; pages: 20. This paper was published in Cato Journal, Winter 2001. Stable URL:
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/le/papers/0512/0512003.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwple:0512003

Access Statistics for this paper

More papers in Law and Economics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).