Review of “Inconvenient Truths on Merger Retrospective Studies” and “Unplanned Purchases and Retail Competition”

Review of “Inconvenient Truths on Merger Retrospective Studies” and “Unplanned Purchases and Retail Competition”

John R. Woodbury
Antitrust & Competition

In the August 2015 issue of The Antitrust Source, John Woodbury comments on a paper by Gregory J. Werden challenging the outcomes of retrospective studies of mergers and another paper by Justin P. Johnson offering a benign explanation for “loss leaders” when consumers are characterized by bounded rationality. The latter paper in particular is a nice illustration of the nexus between behavioral economics and antitrust. To read the reviews, click the link below.

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