The Failing Firm Defence: Merger Policy and Entry

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Mason, Robin; Weeds, Helen;
  • Publisher: University of Southampton
  • Subject: entry; exit; failing firm defence; merger policy
    • jel: jel:K21 | jel:L41 | jel:D81

This Paper considers the 'failing firm defence'. Under this principle, found in most antitrust jurisdictions, a merger that would otherwise be blocked due to its adverse effect on competition is permitted when the firm to be acquired is a failing firm, and an alternativ... View more
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