DeVany's statement

Case Study
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Takeover activity peaked again during the financial boom of the 1920's in what Jovanovic and Rousseau [2002] termed the "scale-economies wave." Improvements in marketing technique (including advertising, especially on radio) and technological developments including electrification, transportation and communications systems all contributed to this increased takeover activity.


The stock market crash of 1929 and the depression that followed led to a substantial contraction in takeover activity until the period during and following World War II.
combinations. Articles 81 and 82 of the European Community Treaty prohibiting cartels and other "concerted practices" distorting competition along with prohibiting the willful acquisition or maintenance of monopoly power are similar to Sections 1 and 2 of the Sherman Act outlawing concerted action to restrain trade. Consider, for example, the proposed merger of General Electric and Honeywell International Inc., two U.S.-based corporations, which was blocked by the European Union in 2001 even though U.S. antitrust regulators had already approved the deal. Jack Welch, then CEO of General Electric, complained that "European regulators' demands exceeded anything I or our European advisers imagined and differed sharply from antitrust counterparts in the U.S. and Canada."
an order designed to pressure broadcasters into getting DTV signals on the air--or, at least, to "remind licensees of the importance of their DTV construction efforts," the FCC has ordered a series of sanctions for broadcasters that miss their DTV deadlines without good excuses.
The order matches the ...
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