Partial identification and mergers

Jinyong Hahn, Geert Ridder and Connan Snider

Economics Letters, 2013, vol. 118, issue 1, 126-129

Abstract: This paper discusses policy choice under ambiguity in the context of merger simulation. We do so by incorporating the uncertainty about post-merger conduct into a simple merger simulation model. We isolate the problem of uncertainty regarding post-merger conduct by working with a simple “conduct parameters” model in the spirit of Bresnahan (1982) and Lau (1982). We then apply Manski’s (2011) analysis, and discuss policy choice under the maxmin, minimax-regret, and expected utility criteria.

Keywords: Merger simulation; Uncertainty; Conduct; Policy choice (search for similar items in EconPapers)
JEL-codes: C1 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:118:y:2013:i:1:p:126-129

DOI: 10.1016/j.econlet.2012.10.006

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