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    • 3. 发明申请
    • Unified antitrust analysis
    • 统一反垄断分析
    • US20050283413A1
    • 2005-12-22
    • US11152714
    • 2005-06-14
    • Joseph Simons
    • Joseph Simons
    • G06Q10/00G06F17/60
    • G06Q10/00G06Q40/12
    • Section 7 of the Clayton Act, 15 USC § 18, prohibits mergers that substantially lessen competition, which has generally been interpreted to prohibit mergers that reduce consumer welfare. Determining whether consumer welfare is reduced in any particular market requires a balancing of the procompetitive and anticompetitive effects of the transaction. The present invention provides a method for analyzing mergers and balancing the efficiencies and anticompetitive effects to determine whether a merger is overall beneficial or neutral for consumer welfare. The method utilizes the risk-adjusted, net present value (NPV) for both the competitive effects and the efficiencies of the merger then determines whether a particular merger should be challenged as anticompetitive based on an analysis of this NPV.
    • “克莱顿法”第15条第15款规定,禁止大幅度减少竞争的并购,通常被解释为禁止合并减少消费者福利。 确定消费者福利在任何特定市场是否减少需要平衡交易的竞争性和反竞争效应。 本发明提供了一种分析合并并平衡效率和反竞争效应的方法,以确定合并对消费者福利是否具有整体有益或中和。 该方法利用风险调整后的净现值(NPV)对竞争效应和合并效率进行判断,然后根据对该NPV的分析,确定特定并购是否应被视为反竞争。