Abstract
While subsequent discussion in this Review has failed to reconcile the merger policies proposed by Dewey and Keyes, it has suggested that they are not as far apart as they seemed at first reading. It now appears that both writers advocate a serious critical consideration of the “efficiencies” claims advanced by proponents of otherwise unacceptable mergers. Moreover, there may be a possibility that Dewey's special “large-firm” merger control could be defended on grounds which would not conflict with Keyes' proposal but would simply complement it.
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References
Dewey, D. (1996) 'Merger Policy Greatly Simplified: Building on Keyes', Review of Industrial Organization, 11, 395-400.
Dewey, D. (1997) 'Still Seeking Common Ground: A Response to Keyes', Review of Industrial Organization, 12, 443-446.
Edwards, C. D. (1949) Maintaining Competition: Requisites of a Governmental Policy. New York, NY: McGraw-Hill Book Company, Inc.
Keyes, L. S. (1995) 'The Horizontal Merger Guidelines of 1992', Review of Industrial Organization, 10, 143-159.
Keyes, L. S. (1997) 'Comment on Dewey's “Merger Policy Greatly Simplified”: Building on Keyes', Review of Industrial Organization, 12, 439-441.
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Keyes, L.S. Paths to Common Ground? A Rejoinder to Dewey's Response. Review of Industrial Organization 13, 487–489 (1998). https://doi.org/10.1023/A:1007725122020
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DOI: https://doi.org/10.1023/A:1007725122020