Ex-Post Assessment Of Merger Effects: The Case Of Pfizer And Pharmacia (2003)
AbstractThe paper studies the effects of the Pfizer and Pharmacia (2003) merger on competition in the Swiss pharmaceutical market and compares the assessment of the Swiss Competition Commission (COMCO) with the post-merger market developments. We find that the merger has had a miniscule impact on the Swiss pharmaceutical market. This has primarily to do with the fact that the product portfolios of both companies have shown no or only slight overlaps. In both cases of potential anticompetitive effects, the companies successfully proposed to divest some of their assets in order to prevent a further strengthening of their dominant position. The remedies included products in the development phase which were not available on the market at the time of the decision.
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Bibliographic InfoArticle provided by ASERS Publishing in its journal Journal of Advanced Research in Law and Economics.
Volume (Year): II (2011)
Issue (Month): 1 (June)
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Web page: http://www.asers.eu/journals/jarle.html
mergers; ex-post evaluation; pharmaceutical markets;
Other versions of this item:
- Leheyda, Nina & Beschorner, Patrick & Hüschelrath, Kai, 2011. "Ex-post assessment of merger effects: the case of Pfizer and Pharmacia (2003)," ZEW Discussion Papers 11-035, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
- L42 - Industrial Organization - - Antitrust Issues and Policies - - - Vertical Restraints; Resale Price Maintenance; Quantity Discounts
- L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment
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