Comment on Dewey's “Merger Policy Greatly Simplified/Building on Keyes”

Comment on Dewey's “Merger Policy Greatly Simplified/Building on Keyes” Professor Dewey's mock proposal for a new merger policy differs from Keyes' serious proposal in at least two important respects. First, the Dewey plan would accord different treatment to mergers which result in the growth of “large” industrial companies as compared with mergers which do not. No such size discrimination is recommended by Keyes. Second, the Dewey plan would allow even the former class of mergers to go forward after passing a purely procedural “test”. No genuine “efficiencies defense” would be required. Review of Industrial Organization Springer Journals

Comment on Dewey's “Merger Policy Greatly Simplified/Building on Keyes”

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Kluwer Academic Publishers
Copyright © 1997 by Kluwer Academic Publishers
Economics; Industrial Organization; Microeconomics
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