Calif. restructuring effect—more micro, less macro?
- Book ID
- 104374364
- Publisher
- Elsevier Science
- Year
- 1996
- Tongue
- English
- Weight
- 253 KB
- Volume
- 9
- Category
- Article
- ISSN
- 1040-6190
No coin nor oath required. For personal study only.
✦ Synopsis
What's the price for getting one's train on the fast track?" If the particulars of a fast-track approach look "like an intervenor's wish list," he said, the price "may be too high."
Santa also warned that a fasttrack process should not be used as a way for FERC to coerce parties to take actions they don't want to take. If the fast track remains optional, this would seem not to be a concern, he said. "But, if faced with the alternative of being relegated to a very slow 'slow track,"' Santa asked, "wouldn't merger applicants effectively be coerced into taking the fast track?" Before creating a bipolar world of fast track and slow track, said Santa, "let's start by getting everyone on a faster track to begin with." S anta said he likes the idea of adopting the Department of Justice/Federal Trade Commission Merger Guidelines as a means to pinpoint mergers that won't harm competition, as do many of those who commented on FERC's notice of inquiry into its merger policy "Even a casual perusal of the NO1 comments," Santa said, "reveals tremendous support for reliance on the DOJ/FTC guidelines and for a market power analysis that is closer to traditional antitrust analysis. This is not surprising, given that the guidelines provide a well-tested framework for analyzing market power issues.