Predation and Mergers PDF Download

Author: Lars Persson
Publisher:
ISBN:
Category : Compañías consolidadas
Languages : en
Pages : 44

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 34

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Author: Garth Saloner
Publisher:
ISBN:
Category :
Languages : en
Pages : 34

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Author: Steven C. Salop
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 784

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Author: M.B. Coate
Publisher: Springer Science & Business Media
ISBN: 146131397X
Category : Business & Economics
Languages : en
Pages : 265

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This book focuses on the antitrust process and how that process affects the efficiency of antitrust law enforcement. The contributors share a wide range of experiences in the antitrust process, including academia, the legal environment, and both private and public sectors. The book deals first with merger activities, followed by non-merger enforcement initiatives and concludes with an examination of the future role of antitrust.

Author: William H. Page
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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The Supreme Court's 1911 decision in Standard Oil gave us embryonic versions of two foundational standards of liability under the Sherman Act: the rule of reason under Section 1 and the monopoly power/exclusionary conduct test under Section 2. But a case filed later in 1911, United States v. United States Steel Corporation, shaped the understanding of Standard Oil's standards of liability for decades. U.S. Steel, eventually decided by the Supreme Court in 1920, upheld the 1901 merger that created U.S. Steel. The majority found that the efforts of the Corporation and its rivals to control prices in the famous Gary dinners had violated Section 1 of the Sherman Act when they occurred, but paradoxically insulated U.S. Steel from liability under Section 2. U.S. Steel was formed to monopolize the industry, but failed; it demonstrated its impotence by fixing prices with rivals instead of crushing them, as Standard Oil had done. U.S. Steel's interpretation and application of Standard Oil essentially ended governmental enforcement of section 2 until Alcoa. Economic scholars suggest that the case ratified “the most socially damaging of all mergers in U.S. history” and caused lasting harm to the American economy by making the crucial steel industry less competitive. Equally important, I argue in this essay, it harmed antitrust doctrine. In cases like Alcoa, it played a role in confusing in the law of monopolization under Section 2 of the Sherman Act. Moreover, by rendering Section 1 of the Sherman ineffective against monopolistic mergers, it contributed to the passage of Cellar-Kefauver Act's amendment of Section 7 of the Clayton Act in 1950 and, indirectly, to the early misguided interpretations of that provision in cases like Brown Shoe and Von's. In this essay, I will describe errors of U.S. Steel, the mistaken responses to those errors in post-New Deal antitrust, and role of competing ideologies in both. In a final Part, I argue that modern reforms should assure that both U.S. Steel's errors and the excesses of the post-New Deal antitrust will not recur.

Author: Robert Bork
Publisher:
ISBN: 9781736089712
Category :
Languages : en
Pages : 536

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Book Description
The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.

Author: George G Djolov
Publisher: Routledge
ISBN: 1317717899
Category : Business & Economics
Languages : en
Pages : 349

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A comprehensive examination of the ways competition and innovations level the playing field in the free market The Economics of Competition uses the South African pharmaceutical industry as a case study to cogently challenge accepted economic and regulatory views on competition and monopoly, then re-establishes and emphasizes the importance of foundational economic principles. The book comprehensively explores the concept that monopoly is self-limiting within unrestricted competition, as well as the various market features of competition, innovation, and market power. This detailed examination broadens understanding of the economics of competition for both scholars and practitioners. Competition is seen as a continuous process in a free market. The Economics of Competition thoughtfully explores the competitive process in its two mechanisms, the transfer of market share from one rival to another, and innovation of a new product, new method of production, new market opening, or new source of supply of raw materials. The dynamic nature of the marketplace is thoroughly examined from the author's inside view of the South African pharmaceutical industry. This provides a rare opportunity to closely examine an industry considered to be a monopoly while actively applying economic theories of competition and freedom of choice. The effects of public policy, legislation, and pricing regulations are discussed in detail. The book has several tables and figures to enhance clarity and is extensively referenced. The Economics of Competition discusses: * monopoly and rivalry in the free market * theories of perfect competition * innovation as a controlling variable * pricing and price differentiation * barriers to competitionincluding historical and contemporary legislative barriers * horizontal mergers and acquisitions as a key aspect of market power * and more!The Economics of Competition is insightful, thought-provoking reading for policymakers as well as anyone practising antitrust law, microeconomics, industrial economics, managerial economics, marketing strategy, theoretical public health, and students and educators of marketing and economics.

Author:
Publisher:
ISBN:
Category : Conglomerate corporations
Languages : en
Pages : 100

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Author: Connie Bruck
Publisher: Simon and Schuster
ISBN: 1476737711
Category : Biography & Autobiography
Languages : en
Pages : 400

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Book Description
An insightful portrait of junk-bond powerhouse Drexel Burnham Lambert and infamous financier Michael Milken, “one of the most brilliant minds ever to have been dedicated to Wall Street's money games.” (The New York Times). Milken is purported to have offered to pay award-winning journalist Connie Bruck to stop work on this book, the fascinating story of how a singularly brilliant and intensely private investment banker essentially masterminded the creation of the junk bond market, generating billions of dollars in profits for his clients and himself before ultimately being brought down by charges of insider trading, stock manipulation, and fraud under the RICO Act. Bruck’s in-depth narration of the phenomenal career of the man nicknamed “the Junk Bond King” spans Milken’s early dealings in high-yield bonds as well as numerous corporate raids and hostile takeovers guided by tactics that were undoubtedly revolutionary, if sometimes unethical—and occasionally outright illegal. Standing alongside other blockbuster tales of business malfeasance such as Liar’s Poker and Too Big to Fail, The Predators’ Ball is a shocking, bemusing, and enlightening portrait of an era when it seemed anything was possible on Wall Street—as long as Michael Milken was in your Rolodex.