TY  - JOUR
AU  - Williams, Philip L
AU  - Woodbridge, Graeme
TI  - Antitrust Merger Policy: Lessons from the Australian Experience
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9600
PY  - 2003
Y2  - April 2003
DO  - 10.3386/w9600
UR  - http://www.nber.org/papers/w9600
L1  - http://www.nber.org/papers/w9600.pdf
N1  - Author contact info:
Philip L. Williams

Graeme Woodbridge
M1  - published as Philip L. Williams, Graeme Woodbridge. "Antitrust Merger Policy: Lessons from the Australian Experience," in Takatoshi Ito and Anne O. Krueger, editors, "Governance, Regulation, and Privatization in the Asia-Pacific Region" University of Chicago Press (2004)

AB  - A study of the operation of Australia's merger policy over the last twenty-seven years can yield lessons for countries that are contemplating the introduction of their own merger policy. If it is to be used to enhance value, merger policy should provide that any possible increase in monopoly power be weighed against any increases in efficiency. The process by which this is achieved should be undertaken with speed and secrecy so as not to deter efficiency-enhancing mergers. The twin requirements of speed and secrecy will, in turn, present problems in achieving fair process and the creation of precedent.
ER  -