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Ana Espinola-Arredondo

Ana Espinola-Arredondo is Professor in the School of Economic Sciences at Washington State University in Pullman, WA. She has published numerous journal articles in environmental economics, natural resource economics, and industrial organization, along with textbooks in these topics. She is now Co-Editor-in-Chief at Environmental and Resource Economics and International Review of Environmental and Resource Economics, and Co-Editor of Economic Inquiry.
Antitrust and Competition

The Shortcomings of Merger Policy Based on the Herfindahl-Hirschman Index

Eric Dunaway
In new research, Eric Dunaway, Ana Espinola-Arredondo, and Felix Munoz-Garcia examine the Herfindahl-Hirschman Index (HHI) as a tool for merger review and show where it diverges from the consumer-surplus and total-welfare standards. In particular, the HHI fails to account for potential efficiency gains.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

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