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What is the williamson model?

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Anonymous

15y ago
Updated: 8/16/2019

The Williamson model was developed by Professor Oliver Williamson. His theory states that when a merger creates a monopoly power, productivity efficiencies can outweigh the loss in welfare.Meaning that cost saving from an efficiency- enhancing merger may offset the dead weight loss from th eoutput restriction

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Wiki User

15y ago

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