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Mergers, Markets and Public Policy

  • Book
  • © 1995

Overview

Editors:
  1. Giuliano Mussati

    1. Furio Cicogna, Center for Entrepreneurial Studies, Bocconi University, Milan, Italy

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Part of the book series: Studies in Industrial Organization (SIOR, volume 21)

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-x
    Download chapter PDF

  2. Introduction

    • Giuliano Mussati
    Pages 1-8

  3. Mergers: Theory and Evidence

    • Dennis C. Mueller
    Pages 9-43

  4. Merger Activity and Antitrust Policy in the United States

    • Robert H. Smiley
    Pages 45-79

  5. Horizontal Concentration and European Merger Policy

    • Alexis Jacquemin
    Pages 81-94

  6. Competition Policy in the Federal Republic of Germany

    • Manfred Neumann
    Pages 95-131

  7. Merger and Monopoly Policies in the UK

    • Cento Veljanovski
    Pages 133-162

  8. Evolution of Antitrust Policies in France

    • Frédéric Jenny
    Pages 163-200

  9. The Protection of the Market in Italy: The Experience of the Anti-Trust Authority

    • Fabio Gobbo, Tommaso Salonico
    Pages 201-221
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Keywords

About this book

GIULIANO MUSSATI Why do mergers occur, which are their effects on social welfare and which is the best economic policy toward them? These three questions have been puzzling industrial economists since the end of the last century when the first great merger wave has come about in the US. They have returned at the centre of the stage of the theoretical and empirical economic research during the last decade when merger and acquisition activity became one of the most evident firms' activities in all industrialised countries, being fostered by some general and country specific facts. These facts have been identified in the appearance of new financial instruments facilitating fund raising by firms, in the benevolent behaviour of the authorities in charge of competition policy during the Reagan administration in the US, while inter­ nal market completion has become a strong incentive for European firms to reach a true continental dimension in the UE through external growth. However a robust and univocal answer to these questions has not yet been found in spite of its importance not only from the theoretical point of view, but also from the normative one. In fact the correct identification of firms' motivations in pursuing merger and acquisition operations and of their consequences on social welfare would help the choice by administra­ tive authorities of different possible options in competition and industrial policies.

Editors and Affiliations

  • Furio Cicogna, Center for Entrepreneurial Studies, Bocconi University, Milan, Italy

    Giuliano Mussati

Bibliographic Information

  • Book Title: Mergers, Markets and Public Policy

  • Editors: Giuliano Mussati

  • Series Title: Studies in Industrial Organization

  • DOI: https://doi.org/10.1007/978-94-011-0387-9

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 1995

  • Hardcover ISBN: 978-0-7923-3643-3Due: 30 September 1995

  • Softcover ISBN: 978-94-010-4173-7Published: 13 November 2013

  • eBook ISBN: 978-94-011-0387-9Published: 06 December 2012

  • Series ISSN: 0924-4646

  • Edition Number: 1

  • Number of Pages: X, 221

  • Number of Illustrations: 1 b/w illustrations

  • Topics: Industrial Organization, Economic Policy

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