shares as a proxy for diversion ratios when calculating the unilateral effects of a merger. In particular, when pro …

theoretical analysis of the merger's price effect based on the amount of cost savings it generates, the behavior of outsider … platforms, and the size of cross-group network effects. We point out differences as compared with the standard, one-sided merger … analysis, and also discuss the merger control policy implications …

that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission's merger enforcement being too lax. …

pressure from binding capacity constraints, in addition to standard merger effects. We show that the pricing pressure terms … underlying ccGUPPI, calculated using pre-merger data, are sufficient to determine whether a merger of capacity-constrained firms … ccGUPPI is generally a useful proxy for actual price effects, with lower informational requirements than full merger …

their tendency to raise prices. Yet efficiencies are said to be rarely decisive in actual merger decision-making. Moreover …, the economic analysis of merger efficiencies lags far behind that of anticompetitive effects. This article addresses this … analytical gap, drawing attention to the merger specificity of both efficiencies and anticompetitive effects, the teachings of …

the Federal Trade Commission (“FTC”) in connection with their Request for Information on Merger Enforcement (“Merger RFI …”). The GAI welcomes the opportunity to provide input on the proposed changes to the Horizontal Merger Guidelines (“HMGs … Section 14 of the Merger RFI, in which the Agencies pose two questions that go to the heart of the treatment of efficiencies …

the Federal Trade Commission (“FTC”) in connection with their Request for Information on Merger Enforcement (“Merger RFI … important goal of both antitrust law and merger policy.Based on the existing evidence, an empirically supported basis for the … use of differential analyses for labor or for presumptions in labor markets does not clearly exist at this time. Merger …

We examine the effects of merger and merger policy on a potential entrant’s pre-merger investment incentives. We … establish conditions under which the possibility of merger can induce an entrant to inefficiently imitate an incumbent’s product … instead of innovating with a more differentiated product. Turning to policy, current practice is to evaluate a proposed merger …

We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel …

We describe a simple initial indicator of whether a proposed merger between rivals in a differentiated product industry … from the merger, based on the price/cost margins of the merging firms' products and the extent of direct substitution …