A Treatment Effect Method for Merger Analysis with an Application to Parking Prices in Paris

Philippe Choné and Laurent Linnemer

No 2010-48, Working Papers from Center for Research in Economics and Statistics

Abstract: Most retrospective merger studies resort to the treatment effect approach, comparingthe price dynamics in a treatment group and in a control group. We propose asystematic method to construct the groups, which applies to any industry with spatialcompetition. The method is consistent with the fact that mergers alter oligopolisticequilibria in complex ways, and thus that seemingly distant entities may be affectedthrough indirect channels. An illustration based on a merger in the Parisian parkingmarket is provided.

Pages: 21
Date: 2010
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: A Treatment Effect Method for Merger Analysis with an Application to Parking Prices in P aris (2012)
Working Paper: A Treatment Effect Method for Merger Analysis with an Application to Parking Prices in Paris (2012)
Working Paper: A Treatment Effect Method for Merger Analysis with an Application to Parking Prices in Paris (2010)
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