Friday, July 11, 2008
Posted by D. Daniel Sokol
According to a study by the Small Business Administration, federal antitrust enforcement has little impact on small firms.
ABSTRACT: Looking at two industries (retail grocery and timber), the researchers find that, independent of the type of enforcement activity, the number of small grocery retailers declined over time. In the timber industry, the vertically integrated dominant firm hoarded the input of its small competitors downstream, forcing their exit.