{"id":"https://openalex.org/W16089576","doi":null,"title":"Could Politicians Be More Right Than Economists? A Theory of Merger Standards","display_name":"Could Politicians Be More Right Than Economists? A Theory of Merger Standards","publication_year":2003,"publication_date":"2003-01-01","ids":{"openalex":"https://openalex.org/W16089576","mag":"16089576"},"language":"en","primary_location":{"id":"pmh:oai:cadmus.eui.eu:1814/1856","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/1814/1856","pdf_url":"http://hdl.handle.net/1814/1856","source":{"id":"https://openalex.org/S4377196332","display_name":"Cadmus - EUI Research Repository (European University Institute)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I874792244","host_organization_name":"European University Institute","host_organization_lineage":["https://openalex.org/I874792244"],"host_organization_lineage_names":[],"type":"repository"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/workingPaper"},"volume":null,"type":"report","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/1814/1856","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5110192373","display_name":"Bruce Lyons","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I165779595","display_name":"The University of Melbourne","ror":"https://ror.org/01ej9dk98","country_code":"AU","type":"education","lineage":["https://openalex.org/I165779595"]}],"countries":["AU"],"is_corresponding":true,"raw_author_name":"Bruce Lyons","raw_affiliation_strings":["University of Melbourne"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Melbourne","institution_ids":["https://openalex.org/I165779595"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5110192373"],"corresponding_institution_ids":["https://openalex.org/I165779595"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":66,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13138","display_name":"Legal and Constitutional Studies","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14362","display_name":"Diverse Legal and Medical Studies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/merger-control","display_name":"merger control","score":0.5839999914169312},{"id":"https://openalex.org/keywords/consumer-welfare-standard","display_name":"consumer welfare standard","score":0.734000027179718},{"id":"https://openalex.org/keywords/total-welfare","display_name":"total welfare","score":0.8299999833106995},{"id":"https://openalex.org/keywords/competition-authorities","display_name":"competition authorities","score":0.5450000166893005},{"id":"https://openalex.org/keywords/international-integration","display_name":"international integration","score":0.36399999260902405},{"id":"https://openalex.org/keywords/complex-economy","display_name":"complex economy","score":0.4230000078678131}],"concepts":[{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.6746392250061035},{"id":"https://openalex.org/C2780668109","wikidata":"https://www.wikidata.org/wiki/Q192852","display_name":"Opposition (politics)","level":3,"score":0.6457794308662415},{"id":"https://openalex.org/C2992867849","wikidata":"https://www.wikidata.org/wiki/Q851147","display_name":"Consumer welfare","level":3,"score":0.6081405282020569},{"id":"https://openalex.org/C536738050","wikidata":"https://www.wikidata.org/wiki/Q3249071","display_name":"Social Welfare","level":2,"score":0.5642818212509155},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5593316555023193},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.5536971092224121},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.45877349376678467},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.37887510657310486},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.36990416049957275},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.34877488017082214},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.34418463706970215},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.1519600749015808},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.11342412233352661},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.07453292608261108},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:cadmus.eui.eu:1814/1856","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/1814/1856","pdf_url":"http://hdl.handle.net/1814/1856","source":{"id":"https://openalex.org/S4377196332","display_name":"Cadmus - EUI Research Repository (European University Institute)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I874792244","host_organization_name":"European University Institute","host_organization_lineage":["https://openalex.org/I874792244"],"host_organization_lineage_names":[],"type":"repository"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/workingPaper"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.202.4975","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.202.4975","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.ccr.uea.ac.uk/workingpapers/ccr02-1revised.pdf","raw_type":"text"},{"id":"mag:16089576","doi":null,"is_oa":false,"landing_page_url":"http://competitionpolicy.ac.uk/documents/107435/107587/ccp2-1.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:cadmus.eui.eu:1814/1856","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/1814/1856","pdf_url":"http://hdl.handle.net/1814/1856","source":{"id":"https://openalex.org/S4377196332","display_name":"Cadmus - EUI Research Repository (European University Institute)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I874792244","host_organization_name":"European University Institute","host_organization_lineage":["https://openalex.org/I874792244"],"host_organization_lineage_names":[],"type":"repository"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/workingPaper"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W16089576.pdf","grobid_xml":"https://content.openalex.org/works/W16089576.grobid-xml"},"referenced_works_count":11,"referenced_works":["https://openalex.org/W207308276","https://openalex.org/W1481755158","https://openalex.org/W1538409113","https://openalex.org/W1607620689","https://openalex.org/W1861389729","https://openalex.org/W1951353745","https://openalex.org/W1978079101","https://openalex.org/W2065459890","https://openalex.org/W2069883922","https://openalex.org/W3121290993","https://openalex.org/W3121341788"],"related_works":["https://openalex.org/W3123036423","https://openalex.org/W2254839314","https://openalex.org/W137152132","https://openalex.org/W41406109","https://openalex.org/W1635611653","https://openalex.org/W4400408083","https://openalex.org/W2088224259","https://openalex.org/W2482856137","https://openalex.org/W2766374005","https://openalex.org/W2159658712"],"abstract_inverted_index":{"Most":[0],"large":[1],"competition":[2],"authorities":[3],"are":[4,60,75],"required":[5],"to":[6,24,29,78],"appraise":[7],"a":[8],"merger":[9,58],"proposal":[10],"on":[11,17],"the":[12,25,33,40,62],"basis":[13],"of":[14],"its":[15],"impact":[16],"consumer":[18,63],"welfare.":[19,70],"This":[20,36],"is":[21,45],"in":[22,32,53,81],"opposition":[23],"economist\u2019s":[26],"classic":[27],"recommendation":[28],"include":[30],"profits":[31],"social":[34],"evaluation.":[35],"paper":[37],"shows":[38],"that":[39],"latter":[41],"total":[42,69],"welfare":[43,64],"standard":[44,65],"generally":[46],"sub-optimal":[47],"because":[48],"firms":[49],"have":[50],"an":[51],"advantage":[52],"proposing":[54],"mergers.":[55],"Where":[56],"alternative":[57],"opportunities":[59],"available,":[61],"can":[66],"achieve":[67],"higher":[68],"The":[71],"conditions":[72],"for":[73],"this":[74],"more":[76],"likely":[77],"be":[79],"satisfied":[80],"large,":[82],"complex":[83],"or":[84],"internationally":[85],"integrated":[86],"economies.":[87]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":6},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":5}],"updated_date":"2026-10-27T15:51:10.671819","created_date":"2016-06-24T00:00:00"}
