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The Beneficent Monopolist

BY | April 14, 2014

This article is part of a Chronicle. See more from this Chronicle Allen Grunes, Maurice Stucke, Apr 14, 2014 The predictions that this merger will experience relatively smooth sailing, we…

This article is part of a Chronicle. See more from this Chronicle

Allen Grunes, Maurice Stucke, Apr 14, 2014

The predictions that this merger will experience relatively smooth sailing, we argue, may be wrong for several reasons:

  1. A merger can violate section 7 of the Clayton Act without the parties competing in the same geographic markets.
  2. The Congressional command for section 7 is to arrest a trend toward concentration in its incipiency before the trend develops to the point that a market is le
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