Rethinking Merger Analysis


Edition: US - Hardback
Price:
Sale priceHK$459.00 Regular priceHK$700.00
Stock:
Re-stocking soon
Product Info
English
268 pages 6.31 x 9.31 x 0.92 in
Approx. weight: 0.98 lb
Publication date: 05 Nov,2024
Barcode: 9780262049245 The MIT Press

More books in English for Age -
  • Takeovers mergers and buy-outs
  • Finance and the finance industry
  • Competition law / Antitrust law

Description

By: Louis Kaplow     
A fundamental economic reconstruction of merger analysis to strengthen our ability to determine mergers’ likely effects and improve merger regulation.

Why rethink merger analysis? Because methods employed throughout the world violate basic precepts of decision analysis and economics. Fundamental principles are underdeveloped, inhibiting research, policy formulation, and merger review. In Rethinking Merger Analysis, Louis Kaplow undertakes a foundational analysis of the questions central to understanding and regulating horizontal mergers and shows why many conventional practices need to be altered or replaced. On the empirical front, Kaplow offers insights, identifies shortcomings, and proposes extensions of existing research. Altogether, merger review can be greatly improved to better identify harmful mergers and avoid thwarting beneficial ones.

The correct economic analysis of anticompetitive effects conflicts sharply with the reigning market definition paradigm. This protocol is more deeply flawed than appreciated, readily produces large errors, and can result in uncertainty bounds on challenge thresholds of two orders of magnitude. Merger efficiencies are underanalyzed because of the failure to draw on relevant disciplines and pertinent industry expertise. Postmerger entry’s role is mischaracterized in merger guidelines, and its direct welfare effects are ignored. Entry induced by the prospect of a subsequent buyout has until recently been disregarded. Proper assessment requires a dynamic framing that accounts for a merger regime’s influence on the creation and capabilities of new generations of startups that are central to economic dynamism.

This book eschews advocacy and instead focuses on clear thinking—indeed, rethinking—about how to improve merger policy and assessment.

You may also like

熱銷中 Top Trending

View all
Diary of a Wimpy Kid: Hot Mess (Book 19)
Diary of a Wimpy Kid: Hot Mess (Book 19)
Sale priceHK$85.00 Regular priceHK$210.00
In stock
Billy and the Mini Monsters #16 Monsters at Easter
Billy and the Mini Monsters #16 Monsters at Easter
Sale priceHK$46.00 Regular priceHK$84.00
In stock
The Trumpet of the Swan (E.B. White) Harpercollins US
The Trumpet of the Swan (E.B. White)
Sale priceHK$60.00 Regular priceHK$72.00
In stock
First Names - Elon (Musk)-Nonfiction: 人物傳記 Biography-買書書 BuyBookBook
First Names - Elon (Musk)
Sale priceHK$54.00 Regular priceHK$91.00
In stock
Billy and the Mini Monsters #15 Monsters at the Zoo (Zanna Davidson)-Fiction: 歷險科幻 Adventure & Science Fiction-買書書 BuyBookBook
Billy and the Mini Monsters #15 Monsters at the Zoo (Zanna Davidson)
Sale priceHK$45.00 Regular priceHK$72.00
In stock
Dog Man 12: The Scarlet Shedder-Graphic novel / Comic book / Manga: Superheroes and super-villains-買書書 BuyBookBook
Dog Man 12: The Scarlet Shedder
Sale priceHK$79.00 Regular priceHK$182.00
In stock
Wolfwalkers-Children’s / Teenage fiction: Fantasy-買書書 BuyBookBook
Wolfwalkers
Sale priceHK$99.00 Regular priceHK$150.00
In stock
Velveteen Rabbit, The-Fiction: 兒童繪本 Picture Books-買書書 BuyBookBook
Velveteen Rabbit, The
Sale priceHK$53.00 Regular priceHK$60.00
In stock
Wuthering Heights-Fiction: 經典傳統 Classic & Traditional-買書書 BuyBookBook
Wuthering Heights
Sale priceHK$79.00 Regular priceHK$117.00
In stock
Longman Weekly English Gramma Exercises (with Gramma Video)-Supplemental: 英文科 English-買書書 BuyBookBook
Longman Weekly English Gramma Exercises (with Gramma Video)
Sale priceHK$71.00 Regular priceHK$83.00
In stock
Final Year, The (Matt Goodfellow)-Fiction: 劇情故事 General-買書書 BuyBookBook
Final Year, The (Matt Goodfellow)
Sale priceHK$79.00 Regular priceHK$117.00
In stock
Ronia, the Robber's Daughter-Children’s / Teenage fiction: Action and adventure stories-買書書 BuyBookBook
Ronia, the Robber's Daughter
Sale priceHK$53.00 Regular priceHK$80.00
In stock
Treehouse, The (正版) Boxset / Bundle with QR code Audio (Andy Griffiths)-Fiction: 幽默搞笑 Humorous-買書書 BuyBookBook
Treehouse, The (正版) Boxset / Bundle with QR code Audio (Andy Griffiths)
Sale priceFrom HK$179.00 Regular priceHK$673.00
In stock
Honestly Elliott-Children’s / Teenage fiction: General and modern fiction-買書書 BuyBookBook
Honestly Elliott
Sale priceHK$60.00 Regular priceHK$90.00
In stock
100 Things to Know About Sport
100 Things to Know About Sport
Sale priceHK$77.00 Regular priceHK$140.00
In stock
屁屁丹迪 #07 阿拉丁與神燈! (Troll)-故事: 偵探懸疑 Detective & Mystery-買書書 BuyBookBook
屁屁丹迪 #07 阿拉丁與神燈! (Troll)
Sale priceHK$65.00 Regular priceHK$100.00
In stock
Warriors Graphic Novel: The Prophecies Begin #1-Graphic novel / Comic book / Manga: genres-買書書 BuyBookBook
Warriors Graphic Novel: The Prophecies Begin #1
Sale priceHK$99.00 Regular priceHK$160.00
In stock
童話夢工場 34 古堡公德古拉-故事: 奇幻魔法 Fantasy & Magical-買書書 BuyBookBook
童話夢工場 34 古堡公德古拉 (附贈精美貼紙)
Sale priceHK$69.00 Regular priceHK$78.00
In stock
Baby's Very First Touchy-Feely Book Usborne
Baby's Very First Touchy-Feely Book
Sale priceHK$57.00 Regular priceHK$84.00
In stock
Wonder-Children’s / Teenage fiction: School stories-買書書 BuyBookBook
Wonder
Sale priceFrom HK$64.00 Regular priceHK$96.00
In stock
Who Was Princess Diana? (Who | What | Where Series) PRHUS
Who Was Princess Diana?
Sale priceHK$38.00 Regular priceHK$50.00
In stock
Usborne Music Book The Animal Orchestra Plays Mozart Usborne
Usborne Musical Book: The Animal Orchestra Plays Mozart
Sale priceHK$99.00 Regular priceHK$156.00
In stock
Coraline (Paperback) (Neil Gaiman) Bloomsbury
Coraline (Paperback) (Neil Gaiman)
Sale priceHK$67.00 Regular priceHK$104.00
In stock
如果歷史是一群喵 套裝
如果歷史是一群喵 套裝
Sale priceFrom HK$384.00 Regular priceHK$590.00
In stock
Animal Orchestra Plays Bach, The - 買書書 BuyBookBook
Animal Orchestra Plays Bach, The
Sale priceHK$99.00 Regular priceHK$156.00
In stock

Recently viewed