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- W2220385080 abstract "The is a proposition in antitrust law standing for the typical illegality of mergers that would combine rival firms with large shares of the same market. Courts and commentators are rarely precise in their use of the word and there is foundational confusion about what kind of presumption this proposition actually entails. It could either be a substantive factual inference based on economic theory, or a procedural device for artificially shifting the burden of production at trial. This paper argues that the substantive inference interpretation is the better reading of caselaw and the sounder application of the laws of antitrust and evidence. By instead interpreting the structural presumption as a formal rebuttable presumption, modern merger analysis needlessly complicates the use of market concentration evidence, and may be systematically undervaluing the probative weight of this evidence. At least in this context, a formal presumption likely confers less evidentiary weight than a simple substantive inference." @default.
- W2220385080 created "2016-06-24" @default.
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- W2220385080 date "2015-01-01" @default.
- W2220385080 modified "2023-09-23" @default.
- W2220385080 title "What Structural Presumption? Reuniting Evidence and Economics on the Role of Market Concentration in Horizontal Merger Analysis" @default.
- W2220385080 doi "https://doi.org/10.2139/ssrn.2696109" @default.
- W2220385080 hasPublicationYear "2015" @default.
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