PATHS TO COMMON GROUND - A REJOINDER TO DEWEYS RESPONSE

While subsequent discussion in this Review has failed to reconcile the merger policies proposed by Dewey and Keyes, it has suggested that th ey are not as far apart as they seemed at first reading. It now appear s that both writers advocate a serious critical consideration of the ' 'efficiencies'' claims advanced by proponents of otherwise unacceptabl e mergers. Moreover, there may be a possibility that Dewey's special ' 'large-firm'' merger control could be defended on grounds which would not conflict with Keyes' proposal but would simply complement it.