U.S. Vertical Merger Guidelines: Recommendations and Thoughts on EDM and Merger Specificity

2020 ◽  
Author(s):  
Koren Wong-Ervin
Keyword(s):  
Merger Guidelines ◽  
Vertical Merger

scholarly journals Vertical Merger Guidelines: Interpreting the 1982 Reforms

1983 ◽  
Vol 71 (2) ◽  
pp. 604 ◽  
Author(s):  
Oliver E. Williamson
Keyword(s):  
Merger Guidelines ◽  
Vertical Merger

scholarly journals Recommendations and Comments on the Draft Vertical Merger Guidelines

2020 ◽  
Author(s):  
Jonathan B. Baker ◽  
Nancy L. Rose ◽  
Steven C. Salop ◽  
Fiona M. Scott Morton
Keyword(s):  
Merger Guidelines ◽  
Vertical Merger

The 2020 Vertical Merger Guidelines: A Suggested Revision

2020 ◽  
Author(s):  
Steven C. Salop
Keyword(s):  
Merger Guidelines ◽  
Vertical Merger

scholarly journals Vertical Mergers and Input Foreclosure Lessons from the AT&T/Time Warner Case

2021 ◽  
Author(s):  
Carl Shapiro
Keyword(s):  
Economic Analysis ◽  
Federal Trade Commission ◽  
Department Of Justice ◽  
Merger Guidelines ◽  
Vertical Merger ◽  
Practical Guide ◽  
Economic Expert ◽  
Time Warner ◽  
Vertical Mergers ◽  
The U.S

AbstractThis article offers a practical guide to analyzing vertical mergers using the general approach to input foreclosure and raising rivals’ costs that is described in the 2020 Vertical Merger Guidelines that were issued by the U.S. Department of Justice and the Federal Trade Commission. The step-by-step analysis described here draws lessons from how that theory of harm played out in the lone vertical merger case that has been litigated by the antitrust agencies in recent decades: the 2018 challenge by the Department of Justice to the merger between AT&T and Time Warner. I testified in court as the DOJ’s economic expert in that case. I explain here how to quantify the increase in rivals’ costs and the elimination of double marginalization that are caused by a vertical merger and how to evaluate their net effect on downstream customers. I also explain how this economic analysis fits into the three-step burden-shifting approach that the courts apply to mergers under Section 7 of the Clayton Act. Based on my experience in the AT&T/Time Warner case, I identify a number of shortcomings of the 2020 Vertical Merger Guidelines.

scholarly journals The New Vertical Merger Guidelines: Muddying the Waters

2021 ◽  
Author(s):  
Michael A. Salinger
Keyword(s):  
Federal Trade Commission ◽  
Department Of Justice ◽  
Potential Harm ◽  
Merger Guidelines ◽  
Vertical Merger ◽  
Potential Competition ◽  
Dominant Firms ◽  
Static Pricing ◽  
Vertical Mergers

AbstractThe new U.S. Department of Justice and Federal Trade Commission Vertical Merger Guidelines focus on how vertical mergers are likely to affect static pricing incentives. While vertical mergers can create incentives to increase prices, they can also provide incentives to decrease prices. Which of the possible outcomes is likely to occur depends on details that are generally difficult to measure. Potential competition between dominant firms, the theory of potential harm to competition that the 1984 Department of Justice Merger Guidelines stressed, remains a more compelling rationale for blocking vertical mergers than the likely effect on static pricing incentives.

Behavioral Remedies in a Post-Chicago World: It's Time to Revise the Vertical Merger Guidelines

1995 ◽  
Vol 40 (1) ◽  
pp. 227-256 ◽  
Author(s):  
Thomas C. Willcox
Keyword(s):  
Merger Guidelines ◽  
Vertical Merger

scholarly journals Comments on the DOJ/FTC Draft Vertical Merger Guidelines

2020 ◽  
Author(s):  
Nicholas Economides ◽  
John E. Kwoka ◽  
Thomas Philippon ◽  
Hal J. Singer ◽  
Lawrence J. White
Keyword(s):  
Merger Guidelines ◽  
Vertical Merger
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