A comprehensive analysis of merger outcomes based on all empirical studies, with an assessment of the effectiveness of antitrust policy toward mergers. 
In recent decades, antitrust investigations and cases targeting mergers―including those involving Google, Ticketmaster, and much of the domestic airline industry―have reshaped industries and changed business practices profoundly. And yet there has been a relative dearth of detailed evaluations of the effects of mergers and the effectiveness of merger policy. In this book, John Kwoka, a noted authority on industrial organization, examines all reliable empirical studies of the effect of specific mergers and develops entirely new information about the policies and remedies of antitrust agencies regarding these mergers. Combined with data on outcomes, this policy information enables analysis of, and creates new insights into, mergers, merger policies, and the effectiveness of remedies in preventing anticompetitive outcomes.
After an overview of mergers, merger policy, and a common approach to merger analysis, Kwoka offers a detailed analysis of the studied mergers, relevant policies, and chosen remedies. Kwoka finds, first and foremost, that most of the studied mergers resulted in competitive harm, usually in the form of higher product prices but also with respect to various non-price outcomes. Other important findings include the fact that joint ventures and code sharing arrangements do not result in such harm and that policies intended to remedy mergers―especially conduct remedies―are not generally effective in restraining price increases. The book's uniquely comprehensive analysis advances our understanding of merger decisions and policies, suggests policy improvements for competition agencies and remedies, and points the way to future research.

Mergers, Merger Control, and Remedies: A Retrospective Analysis of U.S. Policy

Business & Money

Kwoka, John

Economics

Mit Pr

Mergers, Merger Control, and Remedies: A Retrospective Analysis of U.s. Policy

Controlling Mergers and Market Power: A Program for Reviving Antitrust in America

John Kwoka’s Controlling Mergers and Market Power: A Program for Reviving Antitrust in America is an important and timely contribution from a prominent antitrust economist and policy advisor. It has been many decades since questions about antitrust enforcement have been so prominent in political, economic, and scholarly debate. Mergers in countless industries, rising concentration throughout the economy, and the dominance of tech giants have brought renewed attention to the role and the responsibility of antitrust policy. But scholarly analysis of these issues, which Professor Kwoka has already contributed to in many ways, is not by itself enough. Once the underlying problems have been identified and documented, commentators and policymakers need to take the next step and provide sensible, enforceable, and economically rational proposals to address them. The purpose of this book is to do just that. Controlling Mergers and Market Power sets out a comprehensive, detailed, and rigorous program to revive antitrust, and merger control in particular, in the U.S. It analyzes the specific failures and weaknesses of current policy. Then, drawing on contemporary economic research and experience, it develops a series of specific proposals for reforming and revitalizing antitrust policy. Collectively, these reforms would reverse the trend toward a narrow, permissive antitrust policy, and strengthen competition in the economy. Few are better positioned to set out a program for reforming antitrust. Professor Kwoka’s earlier work on merger policy has been credited for its insights and for prompting renewed attention to the issues. In this new breakthrough contribution, he takes us through the next and necessary steps to revive antitrust in America.

Competition Policy International

John Kwoka's Controlling Mergers and Market Power: A Program for Reviving Antitrust in America is an important and timely contribution from a prominent antitrust economist and policy advisor. It has been many decades since questions about antitrust enforcement have been so prominent in political, economic, and scholarly debate. Mergers in countless industries, rising concentration throughout the economy, and the dominance of tech giants have brought renewed attention to the role and the responsibility of antitrust policy. But scholarly analysis of these issues, which Professor Kwoka has already contributed to in many ways, is not by itself enough. Once the underlying problems have been identified and documented, commentators and policymakers need to take the next step and provide sensible, enforceable, and economically rational proposals to address them. The purpose of this book is to do just that. Controlling Mergers and Market Power sets out a comprehensive, detailed, and rigorous program to revive antitrust, and merger control in particular, in the U.S. It analyzes the specific failures and weaknesses of current policy. Then, drawing on contemporary economic research and experience, it develops a series of specific proposals for reforming and revitalizing antitrust policy. Collectively, these reforms would reverse the trend toward a narrow, permissive antitrust policy, and strengthen competition in the economy. Few are better positioned to set out a program for reforming antitrust. Professor Kwoka's earlier work on merger policy has been credited for its insights and for prompting renewed attention to the issues. In this new breakthrough contribution, he takes us through the next and necessary steps to revive antitrust in America.

See the best price to sell, buy, or rent books by Kwoka, John. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Kwoka, John

See the best price to sell, buy, or rent books by Kwoka, John. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Mergers, Merger Control, and Remedies: A Retrospective Analysis of U.S. Policy

Mergers, Merger Control, and Remedies: A Retrospective Analysis of U.s. Policy

Controlling Mergers and Market Power: A Program for Reviving Antitrust in America

Controlling Mergers and Market Power: A Program for Reviving Antitrust in America