« Seeking out and building monopolies, Rothschild strategies in non ferrous metals international markets (1830-1940) | Main | The Great Doctrinal Debate: Under What Circumstances is Section 5 Superior to Section 2? »
February 11, 2011
Understanding UPP
Posted by D. Daniel Sokol
Roy J. Epstein, BC - Econ and Daniel L. Rubinfeld, University of California at Berkeley - School of Law, NYU Law School have written on Understanding UPP.
ABSTRACT: Joseph Farrell and Carl Shapiro have proposed a measure of Upward Pricing Pressure (UPP) as offering a presumption of anticompetitive unilteral effects in a merger. We explaini that the underlying framework (which relies on Bertrand competition) is in fact a special case of a more general merger simulation methodology. We discuss the strengths and weaknesses of the framework as a policy tool.
February 11, 2011 | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef0147e188664b970b
Listed below are links to weblogs that reference Understanding UPP:
