Delaprez, Yann; Guignard, Morgane - 2024
This paper analyzes a merger of large manufacturers with divestiture in the French coffee market. In contrast to … structure. First, our results show that the standard policy recommendation to require divestiture to small recipient firms may … overestimate costs. We estimate costs that are 41 percent lower, and find that divestiture can lead to marginal cost savings for …