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Kwoka’sMergers, Merger Control, and Remedies: Rejoinder to Kwoka☆

In: Healthcare Antitrust, Settlements, and the Federal Trade Commission

Author

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  • Michael Vita

Abstract

John Kwoka’sMergers, Merger Control, and Remediesis a meta-analysis of “retrospective” academic studies of consummated mergers and other horizontal arrangements. Based on this meta-analysis, Kwoka strongly criticizes federal enforcement policies, claiming that the agencies permit far too many anticompetitive mergers to go unchallenged, and are far too willing to accept remedies that fail to prevent a significant loss of competition. Kwoka claims further that this excessive leniency is the culmination of a trend reflecting deliberate policy choices made over the last several decades. In a forthcoming critique, Vita and Osinski challenge Kwoka’s analysis and his conclusions, identifying serious flaws in the size, construction, and composition of his sample, and in the statistical analysis of the data drawn from that sample. In a published response to Vita and Osinski, Professor Kwoka offers a number of objections and counter-arguments. In this rejoinder, I respond to Professor Kwoka.

Suggested Citation

  • Michael Vita, 2018. "Kwoka’sMergers, Merger Control, and Remedies: Rejoinder to Kwoka☆," Research in Law and Economics, in: Healthcare Antitrust, Settlements, and the Federal Trade Commission, volume 28, pages 433-444, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rlwezz:s0193-589520180000028010
    DOI: 10.1108/S0193-589520180000028010
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    More about this item

    Keywords

    Mergers; merger remedies; meta-analysis; antitrust policy; competition policy; antitrust enforcement; C18; C81; L4; L41;
    All these keywords.

    JEL classification:

    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • L4 - Industrial Organization - - Antitrust Issues and Policies
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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