The Independent Review
(Quarterly Journal)
Policy Reports
The Lighthouse
(Email Newsletter)
Commentary Articles
News Releases
Audio and Visual Programs
The Independent
(Quarterly Newsletter)
Research Articles
Working Papers
Course Adoption Program


Facebook Facebook Facebook Facebook

Your participation will advance liberty. Join us as an Independent Institute member.

Contact Us
The Independent Institute
100 Swan Way
Oakland, CA 94621-1428

510-632-1366 Phone
510-568-6040 Fax
Send us email

Interested in working with us?  Click here for more information.

Working Paper #12

New Anti-Merger Theories


Abstract: This paper discusses two recent innovations in federal antitrust enforcement of mergers - 'unilateral effects' and 'innovation markets.' These instruments of merger analysis, despite increasing usage by federal regulators, are inconsistent with modern economic theory, and lead to erroneous and overly restrictive enjoinments of potential mergers. Antitrust regulators should avoid using these and similar instruments in future merger evaluations.

Read Acrobat File

A paper based on this work has now been published as:

Lopez, E.J. 2001. New Anti-Merger Theories: A Critique. Cato Journal 20 (3): 359-378.

The URL for this paper is:

Edward J. López is BB&T Distinguished Professor of Capitalism at Western Carolina University. Professor López's main area of research is in public choice and law and economics, with emphases on empirical models of creative expression, technological innovation, voting, political ideology, and political institutions.

  From Edward J. López
THE PURSUIT OF JUSTICE: Law and Economics of Legal Institutions
The Pursuit of Justice is a thoroughgoing analysis of the bureaucratization and politicization of the U.S. legal system and how the law works in practice rather than in theory. The book looks specifically at how decision makers in the law—judges, lawyers, juries, police, forensic experts, and more—respond to economic incentive structures.

Home | About Us | Blogs | Issues | Newsroom | Multimedia | Events | Publications | Centers | Students | Store | Donate

Product Catalog | RSS | Jobs | Course Adoption | Links | Privacy Policy | Site Map
Facebook Facebook Facebook Facebook
Copyright 2015 The Independent Institute