In this issue:
Competition authorities are looking hard at the economic theories that underlie the empirical analysis they use when evaluating mergers. With their recent merger guidelines, both the EC and U.S. competition authorities have introduced new methodology and emphasis—raising a lively debate in the process. This issue looks at the state of the art in merger analysis, seeking to answer the question: Just what are the best tools to use to predict the competitive effects of mergers?
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