Rethinking Merger Analysis
by Louis Kaplow
Format: Hardcover
ISBN13: 9780262049245
Hardcover|9780262049245
✨ Featured Offer
Brand New
$72.18
List Price: $70.00
🚚
See all 5 offers from $63.47 FREE standard delivery by: 02 Apr 2026
Overview
A fundamental economic reconstruction of merger analysis to strengthen our ability to determine mergers' likely effects and improve merger regulation.
Why rethink merger analysis? Because methods employed throughout the world violate basic precepts of decision analysis and economics. Fundamental principles are underdeveloped, inhibiting research, policy formulation, and merger review. In Rethinking Merger Analysis, Louis Kaplow undertakes a foundational analysis of the questions central to understanding and regulating horizontal mergers and shows why many conventional practices need to be altered or replaced. On the empirical front, Kaplow offers insights, identifies shortcomings, and proposes extensions of existing research. Altogether, merger review can be greatly improved to better identify harmful mergers and avoid thwarting beneficial ones.
The correct economic analysis of anticompetitive effects conflicts sharply with the reigning market definition paradigm. This protocol is more deeply flawed than appreciated, readily produces large errors, and can result in uncertainty bounds on challenge thresholds of two orders of magnitude. Merger efficiencies are underanalyzed because of the failure to draw on relevant disciplines and pertinent industry expertise. Postmerger entry's role is mischaracterized in merger guidelines, and its direct welfare effects are ignored. Entry induced by the prospect of a subsequent buyout has until recently been disregarded. Proper assessment requires a dynamic framing that accounts for a merger regime's influence on the creation and capabilities of new generations of startups that are central to economic dynamism.
This book eschews advocacy and instead focuses on clear thinking-indeed, rethinking-about how to improve merger policy and assessment.
Why rethink merger analysis? Because methods employed throughout the world violate basic precepts of decision analysis and economics. Fundamental principles are underdeveloped, inhibiting research, policy formulation, and merger review. In Rethinking Merger Analysis, Louis Kaplow undertakes a foundational analysis of the questions central to understanding and regulating horizontal mergers and shows why many conventional practices need to be altered or replaced. On the empirical front, Kaplow offers insights, identifies shortcomings, and proposes extensions of existing research. Altogether, merger review can be greatly improved to better identify harmful mergers and avoid thwarting beneficial ones.
The correct economic analysis of anticompetitive effects conflicts sharply with the reigning market definition paradigm. This protocol is more deeply flawed than appreciated, readily produces large errors, and can result in uncertainty bounds on challenge thresholds of two orders of magnitude. Merger efficiencies are underanalyzed because of the failure to draw on relevant disciplines and pertinent industry expertise. Postmerger entry's role is mischaracterized in merger guidelines, and its direct welfare effects are ignored. Entry induced by the prospect of a subsequent buyout has until recently been disregarded. Proper assessment requires a dynamic framing that accounts for a merger regime's influence on the creation and capabilities of new generations of startups that are central to economic dynamism.
This book eschews advocacy and instead focuses on clear thinking-indeed, rethinking-about how to improve merger policy and assessment.
| ISBN-13 | 9780262049245 |
|---|---|
| ISBN-10 | 0262049244 |
| Weight | 1.25 Pounds |
| Dimensions | 6.27 x 0.93 x 9.30 In |
| List Price | $70.00 |
| Format | Hardcover |
|---|---|
| Pages | 268 pages |
| Publisher | The MIT Press |
| Published On | 2024-11-05 |
View All Offers
Sort by:
Price
Condition
Seller
Seller Comments
Price
Used, Very Good
Seller details
Books From California
Simi Valley, CA, USA
Very Clean Copy-Over 500, 000 Internet Orders Filled.
Free delivery by: 02 Apr 2026
✨ Brand New
Seller details
discount_scientific_books
Sterling Heights, MI, USA
New, US edition. Satisfaction guaranteed! !
Free delivery by: 02 Apr 2026
Brand New
Seller details
GreatBookPrices-
Columbia, MD, USA
100% Money Back Guarantee. Brand New, Perfect Condition. We offer expedited shipping to all US locat...
Free delivery by: 02 Apr 2026
Brand New
Seller details
discount_scientific_books
Sterling Heights, MI, USA
New Book Original US edition, We Ship to PO BOX Address also.
Free delivery by: 02 Apr 2026
Used, Like New
Seller details
GreatBookPrices-
Columbia, MD, USA
100% Money Back Guarantee. Brand New, Perfect Condition. We offer expedited shipping to all US locat...
Free delivery by: 02 Apr 2026