Topic 3: Mergers

 

Program
Basic introduction to the economics

   Unilateral effects

   Coordinated effects

Significant Impediment to Effective Competition: does the new standard matter?

Draft vertical merger guidelines

Role of merger simulation

 

 

Reading

Chapters 5 and 6 of Motta, M.   2204.   Competition Policy:Theory and Practice   Cambridge University Press

 

Chapter 7 of Bishop, S. and Walker, M.   2002.   The Economics of EC Competition Law   Sweet & Maxwell (second edition)

 

European Commission.   2004.   Guidelines on the Assessment of Horizontal Mergers   Brussels

 

European Commission.   2007.   Draft Guidelines on the Assessment of Non-Horizontal Mergers   Brussels

 

Walker, M.   2005.   “The potential for significant inaccuracies in merger simulation models”. Journal of Competition Law and Economics

 

Crooke, P., Froeb, L., Tschantz, S. and Werden, G.J.   1999.   “Effects of assumed demand form on simulated postmerger equilibria”   Review of Industrial Organization 15, 205 - 217 .

 

Ivaldi, M. and Verboven, F.   2004.   “Quantifying the effects from horizontal mergers in European competition policy”   Mimeo .

 

Werden, G.J., Froeb, L.M. and Scheffman, D.T.   2004.   “A Daubert discipline for merger simulation”   Mimeo.

 

Werden, G.J.   1997   “Simulating Unilateral Competitive Effects from Differentiated Products Mergers”, Antitrust

 

Cases:     T-Mobile/tele.ring

 

               Oracle/Peoplesoft