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Felix Munoz-Garcia

Felix Munoz-Garcia is Professor in the School of Economic Sciences at Washington State University in Pullman, WA. He has published several journal articles in industrial organization, applied game theory, and environmental regulation, with textbooks in these topics. He is currently Co-Editor-in-Chief of Economics of Governance, Editor-in-Chief of the Lecture Notes in Economics and Policy book series, and Associate Editor at Economic Inquiry and Environmental and Development Economics.
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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