Tsay, Wen-Jen; Hu, Wei‐Min - 2021
This research modifies the well-known three-stage merger simulation procedure of Nevo (2000) by replacing demand … analysis in the first stage with survey-generated diversion ratios and own-price elasticities. We also provide a post-merger … diversion ratio, and UPP. The formula thus is informative and convenient for competition enforcement when dealing with merger …