Tuesday, September 6, 2005

Mergers and Differentiated Products

Hanno Kaiser posts an important argument that merger analysis needs to consider the effects of non-price competition as well as price competition.  Specifically,  merger analysis needs to consider the effect of product repositioning by both the merged and non-merged firms on consumer welfare.   

https://lawprofessors.typepad.com/antitrustprof_blog/2005/09/mergers_and_dif.html

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