Arbeitspapier
Dynamic merger review
We analyze the optimal dynamic policy of an antitrust authority towards horizontal mergers when merger proposals are endogenous and occur over time. Approving a currently proposed merger will affect the profitability and welfare effects of potential future mergers, the characteristics of which may not yet be known to the antitrust authority. We show that, in many cases, this apparently difficult problem has a simple resolution: an antitrust authority can maximize discounted consumer surplus by using a completely myopic merger review policy that approves a merger today if and only if it does not lower consumer surplus given the current market structure.
- Language
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Englisch
- Bibliographic citation
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Series: CSIO Working Paper ; No. 0099
- Classification
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Wirtschaft
- Subject
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Kartellrecht
Wettbewerbsaufsicht
Fusion
Konsumentenrente
Wohlfahrtseffekt
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Nocke, Volker
Whinston, Michael D.
- Event
-
Veröffentlichung
- (who)
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Northwestern University, Center for the Study of Industrial Organization (CSIO)
- (where)
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Evanston, IL
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Nocke, Volker
- Whinston, Michael D.
- Northwestern University, Center for the Study of Industrial Organization (CSIO)
Time of origin
- 2008
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