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Horizontal Mergers in Spatially Differentiated Noncooperative Markets

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  • McAfee, R Preston
  • Simons, Joseph J
  • Williams, Michael A

Abstract

The authors present a Cournot-Nash model of horizontal mergers between firms that engage in spatial price discrimination. The model extends the analysis of such mergers as presented in the U.S. Department of Justice's Merger Guidelines. Rather than conclude the evaluation of such a merger with an estimate of the postmerger Hirschman-Herfindahl Index, as is done in the Merger Guidelines, the authors' model yields an estimate of the increases in the equilibrium, postmerger delivered.prices caused by the merger. Copyright 1992 by Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Journal of Industrial Economics.

Volume (Year): 40 (1992)
Issue (Month): 4 (December)
Pages: 349-58

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Handle: RePEc:bla:jindec:v:40:y:1992:i:4:p:349-58

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821

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Cited by:
  1. Emilie Dargaud & Carlo Reggiani, . "Horizontal Mergers in the Spokes Model," Discussion Papers 09/12, Department of Economics, University of York.
  2. Boone, J., 2006. "Firms Merge in Response to Constraints," Discussion Paper 2006-014, Tilburg University, Tilburg Law and Economic Center.
  3. Philippe Cyrenne, 1999. "On Antitrust Enforcement and the Deterrence of Collusive Behaviour," Review of Industrial Organization, Springer, vol. 14(3), pages 257-272, May.
  4. Calem, Paul S. & Dor, Avi & Rizzo, John A., 1999. "The welfare effects of mergers in the hospital industry," Journal of Economics and Business, Elsevier, vol. 51(3), pages 197-213, May.
  5. George Norman & Lynne Pepall, 1998. "Horizontal Mergers in Spatially Differentiated NonCooperative Markets: a Comment," Discussion Papers Series, Department of Economics, Tufts University 9804, Department of Economics, Tufts University.
  6. George Norman & Lynne Pepall, 1998. "Mergers in a Cournot Model of Spatial Competition: Urban Sprawl and Product Specialization," Discussion Papers Series, Department of Economics, Tufts University 9813, Department of Economics, Tufts University.
  7. Boone, J., 2003. "'Be nice, unless it pays to fight': A new theory of price determination with implications for competition policy," Discussion Paper 2003-011, Tilburg University, Tilburg Law and Economic Center.
  8. Cosnita-Langlais, Andreea, 2012. "Horizontal market concentration: Theoretical insights from spatial models," Research in Economics, Elsevier, vol. 66(1), pages 22-32.
  9. John Heywood & Zheng Wang, 2014. "Spatial price discrimination and mergers with convex production costs," Letters in Spatial and Resource Sciences, Springer, vol. 7(1), pages 1-8, March.
  10. John Heywood & Guangliang Ye, 2013. "Sequential entry and merger in spatial price discrimination," The Annals of Regional Science, Springer, vol. 50(3), pages 841-859, June.

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