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Eric Dunaway

Eric Dunaway is Byron K. Trippet Assistant Professor of Economics at Wabash College in Crawfordsville, IN. He specializes in microeconomic theory, behavioral economics, game theory, and industrial organization. His current research interests center around the economics of gambling, and he enjoys teaching his students how to think like professional poker players.
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

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.