This article is part of a Chronicle. See more from this Chronicle
Richard Schmalensee, Dec 16, 2009
In an important recent paper, Joseph Farrell and Carl Shapiro propose a new quantitative approach to assessing the competitive impact of horizontal mergers that does not involve defining a relevant market. I believe that Farrell and Shapiro have made a significant contribution that has the potential to improve merger enforcement. In what follows I describe their approach, propose a slight modifica
...THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 3.144.172.101
Please verify email or join us to access premium content!