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Pretty much since 1976 (the passage of Hart-Scott-Rodino Act) US antitrust authorities have
been reviewing mergers, challenging only 1.8 per cent of the total number of above-threshold
notifications (IIRC I read it in a book by Bob Pitofsky).
What are the studies that control for changes in technology, capital availability and perhaps other
factors and quantify the impact of merger control on economy-wide market
structure/concentration measures?
Solution
Clifford Winston

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