The Antitrust Review of the Americas 2018

United States: Economics

11 September 2017

A merger may generate efficiencies that enhance the merged firm's ability to compete, potentially resulting in lower prices, improved quality, enhanced service or new products. Under the US Department of Justice's (DOJ's) and Federal Trade Commission's (FTC's) Horizontal Merger Guidelines (HMG), efficiencies are cognisable - that is, credited when a merger is being reviewed - only if they are:

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