Mergers with differentiated products: where do we stand?
File(s)
Author(s)
Valletti, Tommaso
Zenger, Hans
Type
Journal Article
Abstract
On the occasion of the 10th anniversary of the 2010 U.S. Horizontal Merger Guidelines, this article provides an overview of the state of economic analysis of unilateral effects in mergers with differentiated products. Drawing on our experience with merger enforcement in Europe, we discuss both static and dynamic competition, with a special emphasis on the calibration of competitive effects. We also discuss the role of market shares and structural presumptions in differentiated product markets.
Date Issued
2021-02-01
Date Acceptance
2020-12-22
Citation
Review of Industrial Organization, 2021, 58, pp.179-212
ISSN
0889-938X
Publisher
Springer
Start Page
179
End Page
212
Journal / Book Title
Review of Industrial Organization
Volume
58
Copyright Statement
© The Author(s) 2021. This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.
License URL
Identifier
https://www.ncbi.nlm.nih.gov/pubmed/33584005
PII: 9810
Subjects
Differentiated products
Mergers
Unilateral effects
Publication Status
Published
Coverage Spatial
Netherlands
Date Publish Online
2021-02-09