Antitrust Bulletin articles from December 1992

Antitrust Bulletin archives from December 1992

Computer reservations systems: competition misunderstood.
December 22, 1992... I. Introduction The deregulation of the U.S. airline industry has had a major impact on both the structure of air travel markets and the pricing and availability of airline services. Although most observers agree that the removal of...

Untwisting the strands of Chicago antitrust.
December 22, 1992... Basically, all our similarities are different. Baseball player Dale Berra, in reference to his father, Yogi. Introduction In the preface to his 1982 book on industrial concentration, Yale Brozen speaks of a...

Bigness, junk, and bust-ups: end of the fourth merger wave?
December 22, 1992... I. Introduction United States business is in the midst of an era of consolidation, with the antitrust authorities averting their eyes from megadeals that in an earlier time(1) would have triggered investigation by the government. The...

The competitive role of import penetration.
December 22, 1992... I. Introduction The United States has run ever-increasing record trade deficits in the 1980's. For example, the 1984 deficit of $123.3 billion was almost twice the 1983 level. Most of the growth, some 92%, is accounted for by the...

An economic evaluation of federal antitrust activity in the manufacturing industries: 1980-1985.
December 22, 1992... I. Introduction Passage of the Sherman Act nearly a century ago codified and enlarged upon received British common-law court decisions against restraint of trade.(1) Controversy over the administration of domestic antitrust laws has...

Economics, the guidelines and the evolution of merger policy.
December 22, 1992... I. Introduction The last 25 years has seen a dramatic evolution of IL& merger law moving from a situation in the mid-1960's where almost any significant horizontal merger could be illegal to a situation where only a few horizontal...

Mergers and acquisitions in Europe 1993: the new EC merger control regulation and its effects on national merger control in Germany.
December 22, 1992... I. Internal market 1993--the trigger for a wave of mergers and acquisitions The prospect of radical changes in the economies of both West and East Europe has forced companies to consider how best to meet the new challenges posed by the...

Know-how licensing and EEC competition rules: a commentary on regulation no. 556/89.
December 22, 1992... On November 30, 1988, the Commission of the European Communities adopted a regulation granting an automatic exemption from the prohibition of restrictive agreements set forth in article 85(l) of the EEC Treaty to know-how licenses complying...

Competition policy and import competition - a New Zealand perspective.
December 22, 1992... The 1980's have witnessed a trend in competition policy toward a reliance on potential entry to provide a competitive discipline on incumbent firms with market power.(1) Thus mergers that previously might have been condemned as leading to...