Structural Presumptions for Non-horizontal Mergers in the 2023 Merger Guidelines: A Primer and a Path Forward

Javier Donna and Pedro Pereira

MPRA Paper from University Library of Munich, Germany

Abstract: The 2023 Merger Guidelines (MGs) change the Agencies’ narrative regarding non-horizontal mergers. They follow a four-pronged approach: (1) They blend horizontal and non-horizontal mergers. (2) They simplify the narrative about non-horizontal mergers. (3) They consoli- date and broaden the theories of harm in non-horizontal mergers. (4) They blend economics and law analysis. In this article, we elaborate on these points. We discuss how the MGs’ an- ticompetitive presumptions apply to non-horizontal mergers, relate them to the economics literature, and provide examples. We finish discussing the economic rationale of the struc- tural presumption involving rivals’ exit concerns due to the exercise of market power and propose a path forward.

Keywords: Antitrust; 2023 Merger Guidelines; Vertical Mergers; Rivals' Exit; Double Marginalization; Merger Evaluation; Competition Policy (search for similar items in EconPapers)
JEL-codes: K21 K41 K42 L44 L52 (search for similar items in EconPapers)
Date: 2024-05-20
New Economics Papers: this item is included in nep-com, nep-law and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Review of Industrial Organization 5.64(2024): pp. 1-43

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/121615/1/MPRA_paper_121615.pdf original version (application/pdf)

Related works:
Journal Article: Structural Presumptions for Non-horizontal Mergers in the 2023 Merger Guidelines: A Primer and a Path Forward (2024)
Working Paper: Structural Presumptions for Non-Horizontal Mergers in the 2023 Merger Guidelines: A Primer and a Path Forwar (2024)
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:pra:mprapa:121615

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().