Werden, Gregory J.; Froeb, Luke M.; Tschantz, Steven - 2012
Defending a challenged merger on the basis of synergies requires an analysis of the likely pass through to consumers of … functions. The marginal cost reductions necessary to fully compensate for the price-increasing effects of a merger, however, do … absent synergies and indicates that pass through should not be addressed as a discrete issue in merger cases. Finally, the …
