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Should alternative mergers be considered by antitrust authorities?

Author

Listed:
  • Duarte Brito

    (Universidade Nova de Lisboa)

Abstract

This paper illustrates that taking alternative mergers into consideration when analyzing the effects of a proposed merger may provide some information to the antitrust authorities. In particular, the use of revealed preference may allow the authorities to establish an expected upper limit on the efficiency gains obtained in a given merger that also increases the participants’ market power. Such limit can then be compared to the lower threshold necessary for merger approval. The policy implications of this result are discussed.

Suggested Citation

  • Duarte Brito, 2003. "Should alternative mergers be considered by antitrust authorities?," Working Papers 01, Portuguese Competition Authority.
    • Handle: RePEc:pca:wpaper:01
    as

    Download full text from publisher

    File URL: http://www.concorrencia.pt/download/WP01_alternative_mergers.pdf
    File Function: First version, 2003
    Download Restriction: no
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    More about this item

    Keywords

    Mergers; acquisitions; revealed preference; synergies;
    All these keywords.

    JEL classification:

    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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