On the Price Effects of Horizontal Mergers: A Theoretical Interpretation

Emilie Dargaud and Carlo Reggiani

No 1222, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: Horizontal mergers are usually under the scrutiny of antitrust authorities due to their potential undesirable effects on prices and consumer surplus. Ex-post evidence, however, suggests that not always these effects take place and even relevant mergers may end up having negligible price effects. The analysis of mergers in the context of non-localized spatial competition may offer a further interpretation to the ones proposed in the literature : in this framework both positive and zero price effects are possible outcomes of the merger activity.

Keywords: horizontal mergers; price effects; spokes model. (search for similar items in EconPapers)
JEL-codes: D43 L11 L13 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-bec and nep-ure
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ftp://ftp.gate.cnrs.fr/RePEc/2012/1222.pdf (application/pdf)

Related works:
Journal Article: ON THE PRICE EFFECTS OF HORIZONTAL MERGERS: A THEORETICAL INTERPRETATION (2015)
Working Paper: On the Price Effects of Horizontal Mergers: A Theoretical Interpretation (2013)
Working Paper: On the Price Effects of Horizontal Mergers: A Theoretical Interpretation (2012)
Working Paper: On the Price Effects of Horizontal Mergers: A Theoretical Interpretation (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:1222

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