This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Merger Simulation in Competition Policy: A Survey Author info | Abstract | Publisher info | Download info | Related research | Statistics Oliver Budzinski () (Faculty of Business Administration and Economics, Philipps Universitaet Marburg)
Isabel Ruhmer () (Center for Doctoral Studies in Economics (CDSE) University of Mannheim)
Additional information is available for the following
registered author(s):
Advances in competition economics as well as in computational and empirical methods have offered the scope for the employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is, nevertheless, still a very young and innovative instrument of antitrust and, therefore, its ‘technical’ potential is far from being comprehensively exploited and teething problems in its practical use in the antitrust environment prevail. We provide a classification of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems and limitations currently associated with their use in merger control. In summary, merger simulation models represent an important and valuable extension of the toolbox of merger policy. However, they do not qualify as a magic bullet and must be combined with other, more traditional instruments of competition policy in order to comprehensively unfold its beneficial effects.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) in its series MAGKS Papers on Economics with number
200807.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length: 39 pages
Date of creation: 2008Date of revision:
Handle: RePEc:mar:magkse:200807Contact details of provider: Postal: Universit�tsstra�e 25, 35037 Marburg Phone: 06421/28-1722 Fax: 06421/28-4858 Email: Web page: http://www.uni-marburg.de/fb02/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Bernd Hayo).
Keywords: merger simulation ; merger control ; antitrust ; oligopoly theory ; auction models ; mergers & acquisitions ; Other versions of this item:
Find related papers by JEL classification: L40 - Industrial Organization - - Antitrust Issues and Policies - - - General C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Statistical Simulation Methods K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Ivaldi, Marc & Verboven, Frank, 2001.
"Quantifying the Effects from Horizontal Mergers in European Competition Policy ,"
CEPR Discussion Papers
2697, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions: Arndt Christiansen and Wolfgang Kerber & Wolfgang Kerber, 2006.
"Competition Policy with Optimally Differentiated Rules Instead of "Per se Rules vs. Rule of Reason" ,"
Marburg Working Papers on Economics
200606, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
[Downloadable!]
Richard A. Posner, 1999.
"The Law and Economics of the Economic Expert Witness ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 13(2), pages 91-99, Spring.
[Downloadable!] (restricted)
Richard J. Gilbert & Michael L. Katz, 2001.
"An Economist's Guide to U.S. v. Microsoft ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 15(2), pages 25-44, Spring.
[Downloadable!] (restricted)
Other versions:
Michael Katz & Richard Gilbert, 2001.
"An Economist's Guide to U.S. v Microsoft ,"
Competition Policy Center, Working Paper Series
CPC01-019, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
[Downloadable!] Richard Gilbert & Michael Katz, 2001.
"An Economist's Guide to U.S. v. Microsoft ,"
Department of Economics, Working Paper Series
1013, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
[Downloadable!] Richard J. Gilbert & Michael L. Katz, 2001.
"An Economist's Guide to U.S. v. Microsoft ,"
Industrial Organization
0106001, EconWPA.
[Downloadable!] Richard J. Gilbert and Michael L. Katz., 2001.
"An Economist's Guide to U.S. v. Microsoft ,"
Economics Working Papers
E01-300, University of California at Berkeley.
[Downloadable!] Werden, Gregory J & Froeb, Luke M, 1994.
"The Effects of Mergers in Differentiated Products Industries: Logit Demand and Merger Policy ,"
Journal of Law, Economics and Organization ,
Oxford University Press, vol. 10(2), pages 407-26, October.
Slade, Margaret E., 2006.
"Merger Simulations of Unilateral Effects : What Can We Learn from the UK Brewing Industry? ,"
The Warwick Economics Research Paper Series (TWERPS)
767, University of Warwick, Department of Economics.
[Downloadable!]
Daniel Kahneman, 2003.
"A Psychological Perspective on Economics ,"
American Economic Review ,
American Economic Association, vol. 93(2), pages 162-168, May.
[Downloadable!]
Ivaldi, Marc & Verboven, Frank, 2005.
"Quantifying the effects from horizontal mergers: Comments on the underlying assumptions ,"
International Journal of Industrial Organization ,
Elsevier, vol. 23(9-10), pages 699-702, December.
[Downloadable!] (restricted)
Roy Epstein & Daniel Rubinfeld, 2001.
"Merger Simulation: A Simplified Approach with New Applications ,"
Department of Economics, Working Paper Series
1002, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
[Downloadable!]
Baker, Jonathan B & Rubinfeld, Daniel L, 1999.
"Empirical Methods in Antitrust Litigation: Review and Critique ,"
American Law and Economics Review ,
Oxford University Press, vol. 1(1-2), pages 386-435, Fall.
Steven Tschantz, Philip Crooke, Luke Froeb, 2000.
"Mergers in Sealed versus Oral Auctions ,"
International Journal of the Economics of Business ,
Taylor and Francis Journals, vol. 7(2), pages 201-212, July.
[Downloadable!] (restricted)
Hausman, Jerry & McFadden, Daniel, 1984.
"Specification Tests for the Multinomial Logit Model ,"
Econometrica ,
Econometric Society, vol. 52(5), pages 1219-40, September.
[Downloadable!] (restricted)
Other versions: Hansen, Lars Peter & Heckman, James J, 1996.
"The Empirical Foundations of Calibration ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 10(1), pages 87-104, Winter.
[Downloadable!] (restricted)
Daniel Rubinfeld & Roy Epstein, 2001.
"Merger Simulation: A Simplified Approach with New Applications ,"
Competition Policy Center, Working Paper Series
CPC01-026, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
[Downloadable!]
Other versions: Damien J. Neven, 2006.
"Competition economics and antitrust in Europe ,"
Economic Policy ,
CEPR, CES, MSH, vol. 21(48), pages 741-791, October.
[Downloadable!] (restricted)
Orley Ashenfelter & Daniel Hosken, 2008.
"The Effect of Mergers on Consumer Prices: Evidence from Five Selected Case Studies ,"
NBER Working Papers
13859, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Lance Brannman & Luke M. Froeb, 2000.
"Mergers, Cartels, Set-Asides, and Bidding Preferences in Asymmetric Oral Auctions ,"
The Review of Economics and Statistics ,
MIT Press, vol. 82(2), pages 283-290, May.
[Downloadable!] (restricted)
Peters, Craig, 2006.
"Evaluating the Performance of Merger Simulation: Evidence from the U.S. Airline Industry ,"
Journal of Law & Economics ,
University of Chicago Press, vol. 49(2), pages 627-49, October.
Gregory Werden, 2001.
"Microsoft's Pricing of Windows and the Economics of Derived Demand Monopoly ,"
Review of Industrial Organization ,
Springer, vol. 18(3), pages 257-262, May.
[Downloadable!] (restricted)
Michael J. Mandel, 1999.
"Going for the Gold: Economists as Expert Witnesses ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 13(2), pages 113-120, Spring.
[Downloadable!] (restricted)
Germán Coloma, 2006.
"Econometric estimation of PCAIDS models ,"
Empirical Economics ,
Springer, vol. 31(3), pages 587-599, September.
[Downloadable!] (restricted)
Other versions: Hausman, Jerry A. & Leonard, Gregory K., 2005.
"Using merger simulation models: Testing the underlying assumptions ,"
International Journal of Industrial Organization ,
Elsevier, vol. 23(9-10), pages 693-698, December.
[Downloadable!] (restricted)
Gregory J. Werden, 2000.
"Expert Report in United States v. Interstate Bakeries Corp. and Continental Baking Co ,"
International Journal of the Economics of Business ,
Taylor and Francis Journals, vol. 7(2), pages 139-148, July.
[Downloadable!] (restricted)
Luke M. Froeb, Gregory J. Werden, 2000.
"An Introduction to the Symposium on the Use of Simulation in Applied Industrial Organization ,"
International Journal of the Economics of Business ,
Taylor and Francis Journals, vol. 7(2), pages 133-137, July.
[Downloadable!] (restricted)
Philip Crooke & Luke Froeb & Steven Tschantz & Gregory Werden, 1999.
"Effects of Assumed Demand Form on Simulated Postmerger Equilibria ,"
Review of Industrial Organization ,
Springer, vol. 15(3), pages 205-217, November.
[Downloadable!] (restricted)
Orley Ashenfelter & Daniel Hosken, 2008.
"The Effect of Mergers on Consumer Prices: Evidence from Five Selected Case Studies ,"
Working Papers
1037, Princeton University, Department of Economics, Center for Economic Policy Studies..
[Downloadable!]
Deaton, Angus S & Muellbauer, John, 1980.
"An Almost Ideal Demand System ,"
American Economic Review ,
American Economic Association, vol. 70(3), pages 312-26, June.
[Downloadable!] (restricted)
Dalkir, Serdar & Logan, John W. & Masson, Robert T., 2000.
"Mergers in symmetric and asymmetric noncooperative auction markets: the effects on prices and efficiency ,"
International Journal of Industrial Organization ,
Elsevier, vol. 18(3), pages 383-413, April.
[Downloadable!] (restricted)
Berry, Steven & Levinsohn, James & Pakes, Ariel, 1995.
"Automobile Prices in Market Equilibrium ,"
Econometrica ,
Econometric Society, vol. 63(4), pages 841-90, July.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Oliver Budzinski, 2009.
"Modern Industrial Economics and Competition Policy: Open Problems and Possible Limits ,"
Working Papers
93/09, University of Southern Denmark, Department of Environmental and Business Economics.
[Downloadable!]
Access and
download statistics Did you know? All the bibliographic data shown here has been contributed by volunteers, thereby helping to keep this service free.
This page was last updated on 2009-11-25.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .