An Economic Analysis Of Proposed AT&T-Time Warner Merger

Law360 (March 6, 2018, 3:24 PM EST) -- Evaluating a proposed merger is necessarily imprecise because it requires predicting its future effects. Economic theory by itself provides little guidance since it generally supports arguments that a merger might benefit or harm consumers. Instead, theory guides us to the questions we should try to answer empirically in the context of the relevant facts. The AT&T-Time Warner merger debate is different from most large mergers only in that politics have entered the discussion in a way that has happened rarely in the past. In particular, President Donald Trump has made no secret of his dislike of Time Warner property CNN and...

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