Should alternative mergers be considered by antitrust authorities?

Duarte Brito

No 1, Working Papers from Portuguese Competition Authority

Abstract: This paper illustrates that taking alternative mergers into consideration when analyzing the effects of a proposed merger may provide some information to the antitrust authorities. In particular, the use of revealed preference may allow the authorities to establish an expected upper limit on the efficiency gains obtained in a given merger that also increases the participants’ market power. Such limit can then be compared to the lower threshold necessary for merger approval. The policy implications of this result are discussed.

Keywords: Mergers; acquisitions; revealed preference; synergies (search for similar items in EconPapers)
JEL-codes: L10 L41 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2003-08
References: Add references at CitEc
Citations:

Published in International Journal of Industrial Organization, 23 (2005) 129– 153

Downloads: (external link)
http://www.concorrencia.pt/download/WP01_alternative_mergers.pdf First version, 2003 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.concorrencia.pt/download/WP01_alternative_mergers.pdf [301 Moved Permanently]--> https://www.concorrencia.pt/download/WP01_alternative_mergers.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pca:wpaper:01

Access Statistics for this paper

More papers in Working Papers from Portuguese Competition Authority Contact information at EDIRC.
Bibliographic data for series maintained by Duarte Brito ().