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Why do mergers occur, what are their effects on social welfare and which are the best economic policies toward them? These three questions have been puzzling industrial economists since the end of the last century when the first great merger wave occurred in the United States. These issues have returned to the center of the stage of the theoretical and empirical economic research during the last decade as merger and acquisition activity became one of the most evident activities of firms in all industrialized countries.
Mergers, Markets and Public Policy presents an exhaustive and fresh look at the current situation concerning competition policy both from the point of view of its basic hypotheses and different applications in the industrialized countries. The goal of the volume is to be useful not only to understand each country's situation but also as a point of departure for a thorough comparative research. In the globalization era, the objective of this research might be an exchange of experience in order to reach uniform positions on the most important subjects at a European and wider level. A second objective is to become the point of reference for those countries, i.e. Eastern European countries, that are actively seeking advice on how to establish a competitive market system, how to develop appropriate antitrust laws and how to set up an efficient regulation system.
Mergers, Markets and Public Policy presents an exhaustive and fresh look at the current situation concerning competition policy both from the point of view of its basic hypotheses and different applications in the industrialized countries. The goal of the volume is to be useful not only to understand each country's situation but also as a point of departure for a thorough comparative research. In the globalization era, the objective of this research might be an exchange of experience in order to reach uniform positions on the most important subjects at a European and wider level. A second objective is to become the point of reference for those countries, i.e. Eastern European countries, that are actively seeking advice on how to establish a competitive market system, how to develop appropriate antitrust laws and how to set up an efficient regulation system.
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