Evaluating the Evidence on Vertical Mergers

Marissa Beck () and Fiona Scott Morton ()
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Marissa Beck: Charles River Associates
Fiona Scott Morton: Yale School of Management

Review of Industrial Organization, 2021, vol. 59, issue 2, No 8, 273-302

Abstract: Abstract In theory, vertical mergers can have both procompetitive and anticompetitive effects. Many early empirical studies found benefits for vertical relationships; but the seminal surveys of this literature are now over a decade old. We review the empirical evidence from the last decade on vertical integration—as well as that in two frequently cited surveys from the mid-2000s. Taken as a whole, the empirical evidence as to the change in welfare that is due to vertical mergers is decidedly mixed, and should certainly not be used as a basis for a presumption that most vertical mergers are procompetitive or harmless.

Keywords: Antitrust; Competition policy; Merger; Vertical merger (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (10)

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DOI: 10.1007/s11151-021-09832-z

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