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From Surrogates to Stories: The Evolution of Federal Merger PolicyRobert H. LandeUniversity of Baltimore - School of Law James LangenfeldLoyola University Chicago School of Law; Navigant Economics - Chicago Spring 1997 Antitrust Magazine, Vol. 11, No. 5, 1997 Abstract: This article traces the evolution of federal merger policy. It documents how merger enforcement originally was largely based upon very strong structural presumptions. These presumptions gradually eroded and other factors became more and more important in enforcement decisions. Today meger enforcement essentially consists of structural safe harbors and a full rule of reason analysis for any merger not within these safe harbors.
Number of Pages in PDF File: 5 Keywords: mergers, merger policy, antitrust, rule of reason, safe harbors JEL Classification: K21, K22 Accepted Paper SeriesDate posted: December 18, 2008Suggested CitationContact Information
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