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THE SCHOOL OF
BUSINESS ADMINISTRATION
Our Work
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U.S. Merger Policy
U.S. Merger Policy:
Structural Remedies and
their Effectiveness
Dr. Mikhail Kouliavtsev
is conducting research
on the effectiveness of
U.S. antitrust policy
towards horizontal
mergers. Of the
thousands of mergers
taking place each year,
only a handful are
likely to present
significant threat to
competition. The goal of
the antitrust agencies –
the Federal Trade
Commission (FTC) and the
Antitrust Division of
the U.S. Department of
Justice – is to detect
such anticompetitive
acquisitions. Section 7
of the Clayton Act of
1914 grants these
agencies the power to
challenge a merger
deemed to possess
potential for
anticompetitive harm.
The vast majority of
Section 7 cases brought
by the government today
are settled, which
usually involves
allowing the merger to
proceed subject to some
modifications. The
current project assesses
the effectiveness of
such modifications,
which usually take the
form of asset
divestitures, to restore
competition in affected
markets. The interaction
between the government
agency and the
firms-parties to the
merger is modeled as a
bargaining game, the
outcome of which is a
settlement reached by
the players. A variety
of factors affecting
this outcome is
investigated.
For similar research, <click
here>.
Dr. Jerome Witt has worked
with other SBA faculty for
the past 8 years to develop
a very successful program
for developing business
students’
professional skills.
After years of research and
planning the SBA developed a
program of experiential
activities that are
incorporated into the
thirteen “core” courses that
all business majors complete
during their four years of
study. Six areas of
competency were identified
as crucial for all business
graduates: analytical
skills, communication
skills, ethical discernment,
global perspectives,
information
technology/literacy and
professionalism.
This unique initiative is
now receiving national
attention. Dr. Witt has
written a number of papers
which have been presented at
national conferences on
higher education. Most
recently his paper,
“Cultivating Professional
Skills Across the Business
Curriculum” received a “Best
Paper" Award at the 2004
College Teaching & Learning
Conference and has been
selected for publication in
the Journal of College
Teaching & Learning in
the near future.
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QUICK LINKS:
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