Nicolas Petit @competitionprof.bsky.social · 25/04/2025In turn, the risk premium on acquisitions rises, valuations fall, and capital for innovation dries up. Worse, enforcers may extract disproportionate remedies upfront, knowing they can later revisit deals 9/n 100
Nicolas Petit @competitionprof.bsky.social · 25/04/2025Bottom line? The case for rule-based antitrust policy is fairly straightforward. Unfortunately this established wisdom is being forgotten on account of a fixation on business size. Time to reread the consistently classic Kydland and Prescott paper from 1977 😃 10/n 000
