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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Fight, Fold or Settle?: Modeling the Reaction to FTC Merger Challenges

Fight, Fold or Settle?: Modeling the Reaction to FTC Merger Challenges

Penny Hill Press Inc
Federal Trade Commission

Paperback

Investing & Finance

ISBN10: 1523424222
ISBN13: 9781523424221
Publisher: Createspace
Published: Jan 16 2016
Pages: 32
Weight: 0.22
Height: 0.07 Width: 8.50 Depth: 11.02
Language: English
This book models the reaction of firms to Federal Trade Commission (FTC) decisions to seek to block proposed horizontal mergers. Finns' responses to the FTC are shown to depend on a number of factors, including the structural merits of the FTC challenge, the efficiencies potentially arising from the transaction, and the cost to the firms of fighting the FTC in court. For a large number of the FTC's merger challenges, we find that firms have strong incentives to settle with the Commission, regardless of the cases' competitive merits. Therefore, in these matters the Commission appears to have powers more like a regulatory agency than a prosecutor.

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