Economic Concentration, Volumes 2-4 |
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Page 504
... fact that what we are talking about here is a series confined to just two sources of mergers , and to a series confined to mergers involving manufacturing and mining concerns . Last year the Federal Trade Commission recorded something ...
... fact that what we are talking about here is a series confined to just two sources of mergers , and to a series confined to mergers involving manufacturing and mining concerns . Last year the Federal Trade Commission recorded something ...
Page 522
... fact that com- petition is not really the key or the controlling reason or the really primary reason for merger , is that correct ? Dr. MUELLER . I don't think I have answered that question precisely . Senator FONG . It does not seem ...
... fact that com- petition is not really the key or the controlling reason or the really primary reason for merger , is that correct ? Dr. MUELLER . I don't think I have answered that question precisely . Senator FONG . It does not seem ...
Page 523
... fact , and it is a fact demonstrated by prior studies of this committee . American concentration in manufacturing industries , especially the large industries , is substantial . Concentration ratios are high . On average , they have ...
... fact , and it is a fact demonstrated by prior studies of this committee . American concentration in manufacturing industries , especially the large industries , is substantial . Concentration ratios are high . On average , they have ...
Page 527
... fact , in particular cases the Commission and the courts have found anticompetitive effects even absent such motives . Dr. BLAIR . And apart from the analysis of particular cases , we have had generalized reasons put before the ...
... fact , in particular cases the Commission and the courts have found anticompetitive effects even absent such motives . Dr. BLAIR . And apart from the analysis of particular cases , we have had generalized reasons put before the ...
Page 531
... fact rather than trying to slow down something that has not happened yet , which I think is a little more difficult . Dr. MUELLER . There is little question in my own mind but that the pressures for increased merger activity are ...
... fact rather than trying to slow down something that has not happened yet , which I think is a little more difficult . Dr. MUELLER . There is little question in my own mind but that the pressures for increased merger activity are ...
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Common terms and phrases
acquiring company acquisitions aircraft aluminum American antitrust assets basic BLAIR California census centration Chemical CHUMBRIS Clayton Act COHEN committee competition competitors concentration ratios conglomerate conglomerate mergers Corp corporations costs COULTER Court crude oil diversification economic economists effect employment engines equipment Fabricated metal fact Federal Trade Commission Goddard growth Honolulu important increase Industry category innovation integrated invention Kaysen large firms largest machinery major manufacturing market share ment merger activity metal million mills monopoly MUELLER National natural gas natural gas liquids number of firms oligopolistic oligopoly operating ORRICK output panies Paperboard patent percent petroleum plants problem Professor profits purchase question refinery refining relatively research and development result rocket Senator FONG Senator HART Senator HRUSKA Sherman Act significant small firms smaller statistical steel structure subcommittee technical Tidewater tion U.S. SENATE United Wall Street Journal
Popular passages
Page 687 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 1120 - There is no more pleasant fiction than that technical change is the product of the matchless ingenuity of the small man forced by competition to employ his wits to better his neighbor. Unhappily, it is a fiction.
Page 1118 - The reasonable man adapts himself to the world : the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.
Page 688 - The boundaries of such a submarket may be determined by examining such practical indicia as industry or public recognition of the submarket as a separate economic entity, the product's peculiar characteristics and uses, unique production facilities, distinct customers, distinct prices, sensitivity to price changes, and specialized vendors.
Page 809 - It rests on the premise that the unrestrained interaction of competitive forces will yield the best allocation of our economic resources, the lowest prices, the highest quality and the greatest material progress, while at the same time providing an environment conducive to the preservation of our democratic political and social institutions.
Page 1233 - I say, technically, I don't think anybody in the world knows how to do such a thing, and I feel confident it will not be done for a very long period of time to come. ... I think we can leave that out of our thinking. I wish the American public would leave that out of their thinking.
Page 572 - market" which one must study to determine when a producer has monopoly power will vary with the part of commerce under consideration. The tests are constant. That market is composed of products that have reasonable interchangeability for the purposes for which they are produced — price, use and qualities considered.
Page 695 - The four railroad cases at least stand for the proposition that where merging companies are major competitive 673 factors in a relevant market, the elimination of significant competition between them, by merger or consolidation, itself constitutes a violation of § 1 of the Sherman Act.
Page 690 - Such a test lightens the burden of proving illegality only with respect to mergers whose size makes them inherently suspect in light of Congress' design in § 7 to prevent undue concentration.
Page 563 - The merger of appellees will result in a single bank's controlling at least 30% of the commercial banking business in the four-county Philadelphia metropolitan area. Without attempting to specify the smallest market share which would still be considered to threaten undue concentration, we are clear that 30% presents that threat...