Merger Analysis and the Treatment of Uncertainty: Should We Expect Better?

Howard A Shelanski and Michael Katz ()

Berkeley Olin Program in Law & Economics, Working Paper Series from Berkeley Olin Program in Law & Economics

Abstract: Life is uncertain. So is merger analysis. There is a well-developed set of tools to deal with decision making under uncertainty. Experience suggests that the federal antitrust agencies and the courts have yet to take full advantage of those tools. This chapter suggests ways that decision theory could be applied to merger analysis to improve enforcement and its impacts on consumer welfare.

Date: 2005-10-19
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:oplwec:qt4437v1xw

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