Anticompetitive Vertical Merger Waves
Johan Hombert,
Jerome Pouyet and
Nicolas Schutz
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Johan Hombert: HEC Paris - Ecole des Hautes Etudes Commerciales
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Abstract:
We develop a model of vertical merger waves and use it to study the optimal merger policy. As a merger wave can result in partial foreclosure, it can be optimal to ban a vertical merger that eliminates the last unintegrated upstream firm. Such a merger is more likely to worsen market performance when the number of downstream firms is large relative to the number of upstream firms,
Date: 2020-02-05
New Economics Papers: this item is included in nep-bec, nep-com, nep-isf, nep-mic and nep-reg
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Published in Journal of Industrial Economics, 2020, 67 (3-4), pp.484-514. ⟨10.1111/joie.12204⟩
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Related works:
Journal Article: Anticompetitive Vertical Merger Waves (2019) 
Working Paper: Anticompetitive Vertical Merger Waves (2019) 
Working Paper: Anticompetitive Vertical Merger Waves (2019) 
Working Paper: Anticompetitive Vertical Merger Waves (2013) 
Working Paper: Anticompetitive vertical mergers waves (2009) 
Working Paper: Anticompetitive vertical mergers waves (2009) 
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03330587
DOI: 10.1111/joie.12204
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