Search Results
Working Paper
Divestiture as an antitrust remedy in bank mergers
The purpose of this study is to determine whether, from a public policy standpoint, divestitures constitute an effective antitrust remedy in bank merger cases. A number of findings emerge from the study: Divested branches have a remarkable survival record; structural changes effected by divestitures tend to persist over time; larger buyers of divested branches tended to be more successful than smaller buyers; divestiture of the target institutions' branches rather than those of applicants proved preferable from an antitrust standpoint; and divested branches selected by the Department of ...
Working Paper
Are there regimes of antitrust enforcement? An empirical analysis
In this paper, the authors propose a new index of antitrust enforcement. The index is compiled from quarterly data from the Department of Justice from 1890 to 1989 and is designed to reflect the relative influence of variables that have deterrent effects. The authors use Hamilton's (1989, 1990) regime-switching technique to estimate a model in which the enforcement index follows a regime-specific AR(1) process. The authors find evidence of long-lived regimes. The high enforcement regime, which lasted from about 1910 to the mid-1960s, produced enforcement that was, on average, almost twice as ...
Conference Paper
Antitrust policy in banking: current status and future prospects
Journal Article
Tie-in sales and banks
Journal Article
Policy update : The Supreme Court rules on retail price pacts
Journal Article
Assessing bank antitrust standards
Journal Article
Anatomy of a price-fix
An analysis of a price-fixing scheme among retail food chains in the Cleveland, Ohio area that resulted in criminal charges and a $4.2 million fine against the perpetrators, plus a discussion of consumer damages involved in the case.
Journal Article
Banking antitrust in transition
Conference Paper
Antitrust policy in banking: comments