Efficiency and Failing Firm Defenses in Merger Assessment: Economic Rationale and Policy Implications
This paper provides consistent understanding between the economic rationale of the ‘efficiency’ and ‘failing firm’ defenses and the conditions that the defenses require in the merger assessment process, focusing on two main concepts, ‘enhancing competition’ and ‘counterfactual’. This paper states th...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Korea Development Institute
2013-03-01
|
| Series: | KDI Journal of Economic Policy |
| Subjects: | |
| Online Access: | https://doi.org/10.23895/kdijep.2013.35.1.103 |