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Horizontal Mergers: Law, Policy, And Economics, George A. Hay, Gregory J. Werden
Horizontal Mergers: Law, Policy, And Economics, George A. Hay, Gregory J. Werden
Cornell Law Faculty Publications
The legality of a horizontal merger under section 7 of the Clayton Act turns on a reckoning of its social costs and benefits. This paper reviews what economics has to say about that reckoning and explores the relationship between economic learning and merger law and policy.