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Creator: Stutzer, Michael J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 197 Abstract:
Antitrust regulators often attempt to prevent proposed corporate market-extension mergers or acquisitions by arguing that doing so will result in the proposer entering the market as an additional, smaller, independent competitor. In cases where this so-called doctrine of probable future competition is valid, regulators still need guidance in ranking the priority of cases to pursue. This paper modifies the approach of Dansby and Willig to compute measures of the gross benefits arising from valid regulation. Such measures relate the change in consumer plus producer surplus caused by regulation, to measures of market concentration, firm conduct assumptions, small firm profits, and market demand data.
Mot-clé: Market extension, Merger, Acquisition, and Antitrust regulation Assujettir: K21 - Regulation and business law - Antitrust law, L40 - Antitrust issues and policies - General, and L13 - Market structure, firm strategy, and market performance - Oligopoly and other imperfect markets