In this latest episode in our Mergernomics series, we examine how attorneys and economists try to quantify the benefits of a merger, aka "efficiencies." Antitrust expert Brazil's Paula Camara and economist Silvia Faga de Almeida join host Anant Raut to discuss why efficiencies sometimes lower prices and why they sometimes don't, how economists measure them, which ones enforcers will accept and why, and how shifting policy priorities, such as protecting rather than firing employees, has changed what even counts as one.
