Skip to main content

The Economic Analysis of US Antitrust Merger Law

  • Chapter
Mergers and Acquisitions

Part of the book series: Finance and Capital Markets Series ((FCMS))

  • 1148 Accesses

Abstract

The aim of this chapter is to survey the basic economic literature concern-ing the antitrust analysis of mergers in the USA. That is a relatively difficult task, since the USA has a long history of antitrust merger law, and it is also the country where the economic analysis of mergers began.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Baker, J. and Bresnahan, T. (1985) “The Gains from Merger or Collusion in Product-Differentiated Industries”, Journal of Industrial Economics, 33: 427–44.

    Article  Google Scholar 

  • Bresnahan, T. (1987) “Competition and Collusion in the American Automobile Industry: The 1955 Price War”, Journal of Industrial Economics, 35: 457–82.

    Article  Google Scholar 

  • Davis, D. and Holt, C. (1994) “Market Power and Mergers in Laboratory Markets with Posted Prices”, Rand Journal of Economics, 25: 467–87.

    Article  Google Scholar 

  • Deneckere, R. and Davidson, C. (1985) “Incentives to Form Coalitions with Bertrand Competition”, Rand Journal of Economics, 16: 473–86.

    Article  Google Scholar 

  • Dufwenberg, M. and Gneezy, U. (2000) “Price Competition and Market Concentration: An Experimental Study”, International Journal of Industrial Organization, 18: 7–22.

    Article  Google Scholar 

  • Eckbo, E. (1983) “Horizontal Mergers, Collusion and Stockholder Wealth”, Journal of Financial Economics, 11: 241–74.

    Article  Google Scholar 

  • Farrell, J. and Shapiro, C. (1990) “Horizontal Mergers: An Equilibrium Analysis”, American Economic Review, 80: 107–26.

    Google Scholar 

  • Grossman, S. and Hart, O. (1986) “The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration”, Journal of Political Economy, 94: 691–719.

    Article  Google Scholar 

  • Maksimovic, V. and Phillips, G. (2001) “The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains?”, Journal of Finance, 56: 2019–65.

    Article  Google Scholar 

  • Mueller, D. (1969) “A Theory of Conglomerate Mergers”, Quarterly Journal of Economics, 83: 643–59.

    Article  Google Scholar 

  • Norman, G. and Pepall, L. (2000) “Spatial Competition and Location with Mergers and Product Licensing”, Urban Studies, 37: 451–70.

    Article  Google Scholar 

  • Ordover, J., Saloner, G. and Salop, S. (1990) “Equilibrium Vertical Foreclosure”, American Economic Review, 80: 127–42.

    Google Scholar 

  • Pautler, P. (2001) “Evidence on Mergers and Acquisitions”, Working paper No. 243, Washington, DC, Federal Trade Commission.

    Google Scholar 

  • Ravenscraft, D. and Scherer, F. (1987) Mergers, Sell-offs and Economic Efficiency ( Washington, DC: Brookings Institution).

    Google Scholar 

  • Salop, S. and Scheffman, D. (1987) “Cost-Raising Strategies”, Journal of Industrial Economics, 36: 19–34.

    Article  Google Scholar 

  • Schmalensee, R. (1985) “Do Markets Differ Much?”, American Economic Review, 75: 341–51.

    Google Scholar 

  • Singal, V. (1996) “Airline Mergers and Competition: An Integration of Stock and Product Price Effects”, Journal of Business, 62: 233–68.

    Article  Google Scholar 

  • Teece, D. (1982) “Towards an Economic Theory of the Multiproduct Firm”, Journal of Economic Behavior and Organization, 3: 39–63.

    Article  Google Scholar 

  • Vernon, J. and Graham, D. (1971) “Profitability of Monopolization by Vertical Integration”, Journal of Political Economy, 79: 924–5.

    Article  Google Scholar 

  • Viscusi, K., Vernon, J. and Harrington, J. (2005) Economics of Regulation and Antitrust, 4th edn ( Cambridge, Mass.: MIT Press).

    Google Scholar 

  • Vita, M. and Sacher, S. (2001) “The Competitive Effects of Not-for-Profit Hospital Mergers: A Case Study”, Journal of Industrial Economics, 49: 63–84.

    Article  Google Scholar 

  • Weiss, L. (1989) Concentration and Prices ( Cambridge, Mass.: MIT Press).

    Google Scholar 

  • Werden, G., Joskow, A. and Johnson, R. (1991) “The Effects of Mergers on Price and Output: Two Case Studies from the Airline Industry”, Managerial and Decision Economics, 12: 341–52.

    Article  Google Scholar 

  • Williamson, O. (1968) “Economics as an Antitrust Defense: The Welfare Tradeoffs”, American Economic Review, 58: 18–36.

    Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Copyright information

© 2007 Germán Coloma

About this chapter

Cite this chapter

Coloma, G. (2007). The Economic Analysis of US Antitrust Merger Law. In: Gregoriou, G.N., Neuhauser, K.L. (eds) Mergers and Acquisitions. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230589681_10

Download citation

Publish with us

Policies and ethics