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@article{Kwoka:2021:icc/dtab050,
author = {Kwoka, JE and Valletti, TM},
doi = {icc/dtab050},
journal = {Industrial and Corporate Change},
pages = {1286--1306},
title = {Unscrambling the eggs: breaking up consummated mergers and dominant firms},
url = {http://dx.doi.org/10.1093/icc/dtab050},
volume = {30},
year = {2021}
}

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TY  - JOUR
AB  - Entrenched dominant firms and anticompetitive consummated mergers pose growing problems forantitrust agencies throughout the world. A lot of thought is being given as to how to address thesesituations but perhaps the most obvious idea--breaking up such firms—is generally dismissed asimpractical, the equivalent of trying to unscramble eggs. We disagree. We show that there havebeen a substantial number of successful breakups of firms, some in antitrust, more in regulatedindustries, and even more in the private sectors of the U.S. and U.K. as firms initiate their ownrestructuring. We believe that a policy of breakups can have a much greater chance at successcompared to efforts to regulate such firms through rule-making conduct remedies. And we arguethat breaking up such firms is facilitated by the fault lines that reveal the natural break points ofthese heavily merged firms We recommend that breakups be on the policy menu for competitionagencies.
AU  - Kwoka,JE
AU  - Valletti,TM
DO  - icc/dtab050
EP  - 1306
PY  - 2021///
SN  - 0960-6491
SP  - 1286
TI  - Unscrambling the eggs: breaking up consummated mergers and dominant firms
T2  - Industrial and Corporate Change
UR  - http://dx.doi.org/10.1093/icc/dtab050
UR  - https://academic.oup.com/icc/article/30/5/1286/6360491
UR  - http://hdl.handle.net/10044/1/90637
VL  - 30
ER  -

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