Vertical Merger Policy: Special Considerations in Regulated Industries

David Sappington and Dennis L. Weisman ()
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Dennis L. Weisman: Kansas State University

Review of Industrial Organization, 2021, vol. 59, issue 2, No 13, 393-407

Abstract: Abstract We examine the special considerations that vertical mergers can raise in regulated industries. We explain how regulation can affect the distribution of merger-induced benefits, the type of vertical mergers that arise, the potential for effective post-merger industry oversight, and the post-merger incentives of the merging entities. These considerations imply that vertical mergers that would reduce (enhance) welfare in unregulated settings can sometimes enhance (reduce) welfare in regulated settings.

Keywords: Antitrust; Regulation; Sabotage; Vertical mergers (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s11151-021-09835-w

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