Symposium: The 2010 Horizontal Merger Guidelines: Editor’s Introduction

Symposium: The 2010 Horizontal Merger Guidelines: Editor’s Introduction Rev Ind Organ (2011) 39:1–2 DOI 10.1007/s11151-011-9312-x Symposium: The 2010 Horizontal Merger Guidelines: Editor’s Introduction Roger D. Blair Published online: 22 July 2011 © Springer Science+Business Media, LLC. 2011 The 1992 Horizontal Merger Guidelines got a much needed facelift, if not an outright overhaul, in 2010. As an expression of the enforcement philosophy and practice of the Department of Justice and the Federal Trade Commission, the old Guidelines were out of date and demanded revision. This is just what they got in 2010. And this is the subject of the present Symposium. The point of Section 7 of the Clayton Act is to prevent harm to competition that may occur as a consequence of a horizontal merger. Section 7 accomplishes this (some- what imperfectly) by prohibiting mergers that substantially increase concentration in a market and thereby might substantially lessen competition or tend to create a monopoly. Hovenkamp leads off the Symposium with an assessment of how the 2010 Guide- lines address competitive concerns in four areas: exclusion, restraints on innovation, unilateral effects, and coordinated effects. In this regard, Willig specifically addresses unilateral effects in some detail. He develops some interesting results on the upward price pressure that is associated http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Symposium: The 2010 Horizontal Merger Guidelines: Editor’s Introduction

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Publisher
Springer Journals
Copyright
Copyright © 2011 by Springer Science+Business Media, LLC.
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-011-9312-x
Publisher site
See Article on Publisher Site

Abstract

Rev Ind Organ (2011) 39:1–2 DOI 10.1007/s11151-011-9312-x Symposium: The 2010 Horizontal Merger Guidelines: Editor’s Introduction Roger D. Blair Published online: 22 July 2011 © Springer Science+Business Media, LLC. 2011 The 1992 Horizontal Merger Guidelines got a much needed facelift, if not an outright overhaul, in 2010. As an expression of the enforcement philosophy and practice of the Department of Justice and the Federal Trade Commission, the old Guidelines were out of date and demanded revision. This is just what they got in 2010. And this is the subject of the present Symposium. The point of Section 7 of the Clayton Act is to prevent harm to competition that may occur as a consequence of a horizontal merger. Section 7 accomplishes this (some- what imperfectly) by prohibiting mergers that substantially increase concentration in a market and thereby might substantially lessen competition or tend to create a monopoly. Hovenkamp leads off the Symposium with an assessment of how the 2010 Guide- lines address competitive concerns in four areas: exclusion, restraints on innovation, unilateral effects, and coordinated effects. In this regard, Willig specifically addresses unilateral effects in some detail. He develops some interesting results on the upward price pressure that is associated

Journal

Review of Industrial OrganizationSpringer Journals

Published: Jul 22, 2011

References

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