The Welfare Effect of Entry Induced by Antitrust Regulation 公开 Deposited

Creator Series Issue number
  • 197
Date Created
  • 1982-04
  • 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.

Subject (JEL) 关键词 Date Modified
  • 07/11/2019
Corporate Author
  • Federal Reserve Bank of Minneapolis. Research Department
  • Federal Reserve Bank of Minneapolis
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