Controlling Mergers and Market Power: A Program for Reviving Antitrust in America

Author:   John Kwoka
Publisher:   Competition Policy International
ISBN:  

9781950769575


Pages:   160
Publication Date:   05 May 2020
Format:   Paperback
Availability:   In stock   Availability explained
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Controlling Mergers and Market Power: A Program for Reviving Antitrust in America


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Overview

John Kwoka's Controlling Mergers and Market Power: A Program for Reviving Antitrust in America is an important and timely contribution from a prominent antitrust economist and policy advisor. It has been many decades since questions about antitrust enforcement have been so prominent in political, economic, and scholarly debate. Mergers in countless industries, rising concentration throughout the economy, and the dominance of tech giants have brought renewed attention to the role and the responsibility of antitrust policy. But scholarly analysis of these issues, which Professor Kwoka has already contributed to in many ways, is not by itself enough. Once the underlying problems have been identified and documented, commentators and policymakers need to take the next step and provide sensible, enforceable, and economically rational proposals to address them. The purpose of this book is to do just that. Controlling Mergers and Market Power sets out a comprehensive, detailed, and rigorous program to revive antitrust, and merger control in particular, in the U.S. It analyzes the specific failures and weaknesses of current policy. Then, drawing on contemporary economic research and experience, it develops a series of specific proposals for reforming and revitalizing antitrust policy. Collectively, these reforms would reverse the trend toward a narrow, permissive antitrust policy, and strengthen competition in the economy. Few are better positioned to set out a program for reforming antitrust. Professor Kwoka's earlier work on merger policy has been credited for its insights and for prompting renewed attention to the issues. In this new breakthrough contribution, he takes us through the next and necessary steps to revive antitrust in America.

Full Product Details

Author:   John Kwoka
Publisher:   Competition Policy International
Imprint:   Competition Policy International
Dimensions:   Width: 15.20cm , Height: 1.10cm , Length: 22.90cm
Weight:   0.295kg
ISBN:  

9781950769575


ISBN 10:   1950769577
Pages:   160
Publication Date:   05 May 2020
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   In stock   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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Reviews

John Kwoka's latest contribution to the debate over merger enforcement in the U.S. is a powerful call for action. Bill Baer, Visiting Fellow - Governance Studies, Brookings Institute John Kwoka is one of our leading scholars in antitrust policy and industrial organization economics. His earlier book Mergers, Merger Control, and Remedies, described empirical evidence that merger control has lost its edge and that many studied mergers have harmed competition. Here he draws on that evidence and proposes a dozen inter-related policies addressing what should be done to restore or improve merger control, which is central to government antitrust enforcement. Enforcers, practitioners, judges, academics, and students around the world will want this book on their shelves and will take it down often. Joseph Farrell, Professor of Economics, University of California, Berkeley John is the rare economist who understands that the purpose of antimonopoly law is to protect our democracy and to make every individual more free, more secure, and more prosperous. John has demonstrated conclusively that the failures of the reigning philosophy of competition are not restricted to a few corners of the economy, but are systemic in nature. John has long been a leader in the fight against dangerous concentrations of power and control, and his new work continues to light the way forward. Barry Lynn, Executive Director, Open Markets Institute Professor Kwoka's most recent contribution, Controlling Mergers and Market Power, marks an important milestone in advancing the case for stronger merger enforcement. The volume makes the essential connection between economic evidence of under-enforcement in the U.S. and its likely role in creating and sustaining the problem of rising concentration. This approach gives significant weight to Kwoka's detailed policy recommendations for strengthening merger enforcement. The work provides an essential resource for enforcers, legislators, and policymakers for implementing meaningful change in an area of antitrust law that has indelible effects on competition, consumers, and workers. Diana Moss, President, American Antitrust Institute This book is important. It sets out a comprehensive program for expanding merger enforcement to stop the inevitable consolidation that has occurred over the past 30-40 years. Kwoka's agenda includes the Agencies paying attention to their own Guidelines, placing greater attention on the structural presumption, expanding enforcement of potential competition and vertical mergers. Based on the results of his own and others' studies, he also calls for the Agencies to just say no, rather than mandate remedies that turn out to be unable to prevent anticompetitive effects. I hope that enforcers read Kwoka's book and take it to heart, and legislators insist that they do. Steven Salop, Professor of Economics and Law, Georgetown University If you want a sensible menu of feasible actions to strengthen merger enforcement under the antitrust laws of the United States, John Kwoka's book - short but powerful - is a must-read. Lawrence White, Stern School of Business, New York University


"John Kwoka's latest contribution to the debate over merger enforcement in the U.S. is a powerful call for action. Bill Baer, Visiting Fellow - Governance Studies, Brookings Institute John Kwoka is one of our leading scholars in antitrust policy and industrial organization economics. His earlier book ""Mergers, Merger Control, and Remedies,"" described empirical evidence that merger control has lost its edge and that many studied mergers have harmed competition. Here he draws on that evidence and proposes a dozen inter-related policies addressing what should be done to restore or improve merger control, which is central to government antitrust enforcement. Enforcers, practitioners, judges, academics, and students around the world will want this book on their shelves and will take it down often. Joseph Farrell, Professor of Economics, University of California, Berkeley John is the rare economist who understands that the purpose of antimonopoly law is to protect our democracy and to make every individual more free, more secure, and more prosperous. John has demonstrated conclusively that the failures of the reigning philosophy of competition are not restricted to a few corners of the economy, but are systemic in nature. John has long been a leader in the fight against dangerous concentrations of power and control, and his new work continues to light the way forward. Barry Lynn, Executive Director, Open Markets Institute Professor Kwoka's most recent contribution, ""Controlling Mergers and Market Power,"" marks an important milestone in advancing the case for stronger merger enforcement. The volume makes the essential connection between economic evidence of under-enforcement in the U.S. and its likely role in creating and sustaining the problem of rising concentration. This approach gives significant weight to Kwoka's detailed policy recommendations for strengthening merger enforcement. The work provides an essential resource for enforcers, legislators, and policymakers for implementing meaningful change in an area of antitrust law that has indelible effects on competition, consumers, and workers. Diana Moss, President, American Antitrust Institute This book is important. It sets out a comprehensive program for expanding merger enforcement to stop the inevitable consolidation that has occurred over the past 30-40 years. Kwoka's agenda includes the Agencies paying attention to their own Guidelines, placing greater attention on the structural presumption, expanding enforcement of potential competition and vertical mergers. Based on the results of his own and others' studies, he also calls for the Agencies to ""just say no,"" rather than mandate remedies that turn out to be unable to prevent anticompetitive effects. I hope that enforcers read Kwoka's book and take it to heart, and legislators insist that they do. Steven Salop, Professor of Economics and Law, Georgetown University If you want a sensible menu of feasible actions to strengthen merger enforcement under the antitrust laws of the United States, John Kwoka's book - short but powerful - is a must-read. Lawrence White, Stern School of Business, New York University"


Author Information

John Kwoka is the Neal F. Finnegan Distinguished Professor of Economics at Northeastern University. He has previously taught at several other universities and served in various capacities at the Federal Trade Commission, the Antitrust Division of the Justice Department, and the Federal Communications Commission. He is the author and editor of several books and numerous articles in professional journals, has lectured and consulted widely on the subject of competition and competition policy, and is regularly quoted in the media.

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