The evolution and vitality of merger presumptions: a decision-theoretic approach

December 21, 2015

In this article, Steve Salop reviews the formulation and evolution of the Philadelphia National Bank rebuttable presumption through the lens of economic decision theory, including the role played by advances in economic analysis. The article also sketches out the prospects for further evolution and suggests a number of non-market share structural factors that might form the basis of rebuttable evidentiary presumptions. To read the article, click the link below.

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