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UPSTREAM HORIZONTAL MERGERS AND (THE ABSENCE OF) RETAIL PRICE EFFECTS

Abstract:

The article explores the retail price effects of upstream and midstream horizontal mergers. It questions the prevailing assumption in merger review according to which such transactions will have similar effects on retail price as that of downstream horizontal mergers. The analysis illustrates how a sophisticated profit-maximizing merged entity may find it more profitable to enter into efficient contracts that seek to maximize the profit of the distribution channel, and so ensure that retail p...

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Publication status:
Published

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Publisher copy:
10.1093/joclec/nht001

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Institution:
University of Oxford
Department:
Oxford, SSD, Law, Law Faculty
Role:
Author
Journal:
JOURNAL OF COMPETITION LAW and ECONOMICS
Volume:
9
Issue:
2
Pages:
395-418
Publication date:
2013-06-05
DOI:
EISSN:
1744-6422
ISSN:
1744-6414
URN:
uuid:cbdd3a6c-1506-4f32-8b3b-cbcd63f03a8d
Source identifiers:
402765
Local pid:
pubs:402765
Language:
English
Keywords:

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