Mergers and Merger Policy

by James Fairburn (Editor), John Kay (Editor)

British merger policy, which has long lacked clarity and effectiveness, has been the subject of government review. This collection of essays by leading policymakers and academics confronts several crucial questions about the merger Does it serve as a check on management efficiency,
or is it the result of too little control or too much management discretion? Do shareholders and consumers gain or lose from mergers? Is the effect of mergers on competition the only public concern, and how is competition to be assessed in an economy increasingly dominated by imports? Can
policymakers learn from abroad, or are the current institutions and procedures the best available?

368 pages, Hardcover

First published March 16, 1989