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This addendum clarifies the notation used in the Miller (2014) model of mergers in procurement. It is assumed that the …
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Miller (2014, 2017) proposes an approach to the analysis of merger effects in markets involving procurement where one … number of actual merger cases, eliminating one of the two product lines will not be more profitable than retaining both … product lines from the merger, and therefore, applying this approach will likely overstate the anti-competitive effects of …
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