'Efficiency' defense in merger cases: FTC staff report is bad law, bad economics, and bad public policy
Article Abstract:
The FTC Staff Report proposal to allow an expanded efficiency defense in cases of proposed mergers should be rejected as being unworkable in the determination of the competitive result of mergers. The defense's use would result in the opposite-intended result by threatening competition rather than encouraging or keeping it at the status quo. The process to determine the applicability of the defense is fraught with opportunity for error.
Publication Name: Antitrust Law and Economics Review
Subject: Law
ISSN: 0003-6048
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
The 'Southwest effect' on competition in the U.S. airline industry: $18 billion savings
Article Abstract:
The impact of the Dept of Transportation's anticompetition guidelines on Southwest airlines is analyzed. Southwest as the largest low-fare airline most likely will not experience much impact from the guideline changes, but it raises questions as to whether other low-fare airlines can make it in the existing monopolistic market.
Publication Name: Antitrust Law and Economics Review
Subject: Law
ISSN: 0003-6048
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Concentration, predation, and 'capacity dumping': the high cost of inaction
Article Abstract:
The effects of airline concentration and lack of competition is presented, using examples from the existing market. A need for more low-fare competition in the airline industry is demonstrated.
Publication Name: Antitrust Law and Economics Review
Subject: Law
ISSN: 0003-6048
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: 1992 developments in trading claims: participations and disputed claims. Regulation M
- Abstracts: How to win NLRB cases: tips from a former insider. The late Justice Brennan and American labor law. Privileges under the NLRA: attorney-client, work-product, collective bargaining and strike strategy, and mediator
- Abstracts: 'Employment services' may trigger act; California law now may subject personal managers to licensing requirements
- Abstracts: Brazil courts investors for power sector; to sustain its economic growth, the nation opens its electricity industry to foreign investment
- Abstracts: Our homes are not dumps: creating nuclear-free zones. Rebuttal to Natural Resources Journal environmental ethics manuscript by Noah Sachs