Still Seeking Common Ground: A Response to Keyes

Still Seeking Common Ground: A Response to Keyes This response affirms that the author alone is responsible for what he “built on Keyes” and that Dr. Lucile Keyes bears no responsibility whatever for his conclusions. It reiterates the author's view that the history of antitrust shows that, in actual operation, the major purpose of the policy has always been the promotion of decentralization of ownership and control in the large-firm sector of the economy and not consumer protection. It is urged that no productive exchange of ideas between friends and critics of antitrust can take place until this fact is recognized. It is suggested that the search for common ground might begin by confining federal surveillance of mergers solely to a set of the largest firms; and that none should be allowed that did not promise a clear, non-negligible gain in efficiency. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Still Seeking Common Ground: A Response to Keyes

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1997 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1007749710230
Publisher site
See Article on Publisher Site

Abstract

This response affirms that the author alone is responsible for what he “built on Keyes” and that Dr. Lucile Keyes bears no responsibility whatever for his conclusions. It reiterates the author's view that the history of antitrust shows that, in actual operation, the major purpose of the policy has always been the promotion of decentralization of ownership and control in the large-firm sector of the economy and not consumer protection. It is urged that no productive exchange of ideas between friends and critics of antitrust can take place until this fact is recognized. It is suggested that the search for common ground might begin by confining federal surveillance of mergers solely to a set of the largest firms; and that none should be allowed that did not promise a clear, non-negligible gain in efficiency.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Sep 29, 2004

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