Jump to ContentJump to Main Navigation
Governance, Regulation, and Privatization in the Asia-Pacific Region$
Users without a subscription are not able to see the full content.

Takatoshi Ito and Anne O. Krueger

Print publication date: 2004

Print ISBN-13: 9780226386799

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226386966.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 27 May 2022

Antitrust Merger Policy Lessons from the Australian Experience

Antitrust Merger Policy Lessons from the Australian Experience

Chapter:
(p.35) 2 Antitrust Merger Policy Lessons from the Australian Experience
Source:
Governance, Regulation, and Privatization in the Asia-Pacific Region
Author(s):

Philip L. Williams

Graeme Woodbridge

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226386966.003.0003

This chapter addresses the following question: If a nation is contemplating antitrust merger policy, does the experience of Australia offer any guidance as to how value might be maximized? In drawing on Australia's experience, it focuses on the success of Australian policy in distinguishing between mergers that enhance efficiency and mergers that enhance monopoly power. Two criteria are necessary for antitrust merger policy to enhance value. First, the criteria for assessing mergers should direct the regulators or the courts to allow those mergers that promote economic efficiency and to disallow those mergers that promote monopoly power. Second, the process of assessment should be able to be conducted in a way that maintains confidentiality (until the merger is made public by the firms involved) and is speedy. The chapter explains the formal processes of Australian antitrust merger policy and how it performs against these twin sets of criteria. Two commentaries are also included at the end of the chapter.

Keywords:   Australia, antitrust merger policy, efficiency, monopoly

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.