Abstract

http://ssrn.com/abstract=2135225
 


 



Three Key Principles for Revising the Horizontal Merger Guidelines


Timothy J. Muris


George Mason University School of Law

Bilal Sayyed


George Mason University School of Law; Kirkland & Ellis - Washington, D.C. Office

2010

Antitrust Source, April 2010
George Mason Law & Economics Research Paper No. 12-56

Abstract:     
The analytical framework of the Horizontal Merger Guidelines, first introduced by Bill Baxter in 1982, has been adopted by numerous Assistant Attorney Generals and Federal Trade Commission Chairmen of both political parties. For example, former Assistant Attorney General Charles James called the 1982 Merger Guidelines “Giant Steps” in the development of antitrust analysis, with no other policy document “more enduring or far-reaching” and past FTC Chairman Robert Pitofsky, stated that “the guideline process, in many ways, has had the most important influence on American antitrust policy in the last fifty years.” We agree with these distinguished observers that the Guidelines’ influence is (rightly) considerable; this influence extends to the federal courts, foreign competition agencies, and state enforcement and regulatory agencies in the United States.

Number of Pages in PDF File: 14

Keywords: actual evidence, anticompetitive, Arch Coal, Christine Varney, competitive effects, concentrated, DOJ, dynamics, fixed-cost efficiencies, HHI, Heinz, highly, industry, J. Thomas Rosch, Jon Leibowitz, Justice Department, marginal cost-savings, moderately, Oracle, unconcentrated, William Kovacic

JEL Classification: G34, K21, L41, L42, L43, L44

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Date posted: August 30, 2012  

Suggested Citation

Muris, Timothy J. and Sayyed, Bilal, Three Key Principles for Revising the Horizontal Merger Guidelines (2010). Antitrust Source, April 2010; George Mason Law & Economics Research Paper No. 12-56. Available at SSRN: http://ssrn.com/abstract=2135225

Contact Information

Timothy J. Muris
George Mason University School of Law ( email )
3301 Fairfax Drive
Arlington, VA 22201
United States
703-993-8050 (Phone)
703-993-8088 (Fax)
Bilal Sayyed (Contact Author)
George Mason University School of Law ( email )
4400 University Drive
Fairfax, VA 22030
United States
Kirkland & Ellis - Washington, D.C. Office ( email )
655 Fifteenth Street, N.W.
Suite 1200
Washington, DC 20005
United States
HOME PAGE: http://www.kirkland.com/sitecontent.cfm?contentID=220&itemID=10179
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