In his book, Neil Chilson makes the case that the best response to complexity is an emergent mindset that seeks opportunities to “get out of control.” This mindset requires people to embrace their autonomy as individuals and admit limitations as part of something larger.The emergent…

The roundtable focused on Prof Doug Melamed’s recent paper titled “Mergers involving nascent competitors”. The paper advances a framework for a narrow prohibition of such mergers, based on Section 2 of the Sherman Act. More broadly, the aim with the roundtable was to offer a…

The roundtable focuses on a retrospective analysis of the Allison(GM)/ZF transaction, 1993. The Allison transaction illustrates the question of competitive pressure from outside the market that merger guidelines require to define. In the transaction, the DoJ defined a narrow market following standard static tools like the SSNIP…