Thursday, April 22, 2010
Posted by D. Daniel Sokol
Alison Oldale (U.K. Competition Commission) explains Behavioral Economics and Merger Analysis.
ABSTRACT: The papers in this volume by Eliana Garcés, and Matthew Bennett, John Fingleton, Amelia Fletcher, Liz Hurley & David Ruck provide a very clear overview of behavioral economics and its application to competition policy generally. In this note I will comment on some implications of what they have to say for merger analysis.