Merger law, Structural merger policy, Merger Guidelines, Clayton Act, Horizontal mergers
Antitrust and Trade Regulation
The legality of a horizontal merger under section 7 of the Clayton Act turns on a reckoning of its social costs and benefits. This paper reviews what economics has to say about that reckoning and explores the relationship between economic learning and merger law and policy.
Hay, George A. and Werden, Gregory J., "Horizontal Mergers: Law, Policy, and Economics" (1993). Cornell Law Faculty Publications. Paper 1147.
Published in: American Economic Review, vol. 83, no. 2, Papers and Proceedings of the Hundred and Fifth Annual Meeting of the American Economic Association (May 1993).