Resource title

Mergers, Litigation and Efficiency

Resource image

image for OpenScout resource :: Mergers, Litigation and Efficiency

Resource description

We consider antitrust enforcement within the adversarial model used by the United States. We show that, under the adversarial system, the Antitrust Authority may try to prohibit mergers also in those cases in which litigation is ine? cient. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from society´s perspective the agency´s lawsuit may be ine? cient. We can show that these ine? ciencies may be aggravated if the takeover is hostile.

Resource author

Oliver Gürtler, Matthias Kräkel

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22967

Resource license

Adapt according to the presented license agreement and reference the original author.