ICLE Scholars on ‘Doomsday’ Mergers
Conversable Economist – ICLE Scholars Brian Albrecht, Dirk Auer, Eric Fruits, and Geoffrey A. Manne were cited by the Conversable Economist blog in a post about ICLE’s white paper on “doomsday mergers.” You can read full piece here.
There are often substantial controversies over whether a merger should be allowed to happen, but then relatively little follow-up after the event. Of course, if a merger was blocked, then it’s hard to know whether it would have led to good or bad outcomes. But when a controversial merger is allowed, it’s fairly straightforward to see if the negative predictions actually happened.
Brian Albrecht, Dirk Auer, Eric Fruits, and Geoffrey A. Manne take on this task in “Doomsday Mergers: A Retrospective Study of False Alarms” (International Center for Law and Economics, March 22, 2023). Here’s their summary…