competition law enforcement in general and in the analysis of proposed mergers in particular: critical loss analysis, upward … pricing pressure, and the vertical arithmetic. In addition, for each tool, its use in a recent U.S. merger case is illustrated …: for critical loss analysis, the Novelis/Aleris merger; for upward pricing pressure, the GE/Electrolux merger; and for the …

et al, I also use Monte Carlo simulations and classify mergers into five potential categories based on the post-merger … allows for a comparison between mergers that are likely to generate more substantial merger efficiencies and those that are … not. For each scenario, I draw 3,000 mergers, for a total of 72,000 merger simulations.I find that the more substantial …

The Global Antitrust Institute (“GAI”) respectfully submits this Comment to the U.S. Department of Justice (“DOJ”) and … 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 …

important goal of both antitrust law and merger policy.Based on the existing evidence, an empirically supported basis for the …The Global Antitrust Institute (“GAI”) respectfully submits this Comment to the U.S. Department of Justice (“DOJ”) and … the Federal Trade Commission (“FTC”) in connection with their Request for Information on Merger Enforcement (“Merger RFI …

This paper examines whether cartel breakdown provokes a period of intensive merger activity amongst the former … sample of 84 European cartels, it finds that mergers are indeed more frequent post-cartel breakdown, especially in markets … which are less concentrated. However, it cautions against merely assuming that these mergers are motivated by coordinated …

breakdowns with the three years afterwards. Second, for the subset of horizontal mergers, merger activity is found to increase …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 …

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 …

mergers in particular: critical loss analysis, upward pricing pressure, and the vertical arithmetic …