On 2 March 2022, the Administrative Council for Economic Defense unconditionally cleared Microsoft’s $1bn acquisition of XandR (an online platform for the buying and selling of digital advertising). The deal was also cleared by the Cypriot Commission for the Protection of Competition in March 2022.
Unpacking market power: Why industry prices fell following a merger
The article “Estimating industry conduct using promotion data,” published in the RAND Journal of Economics by CRA’s Christian Michel, with Jose Manuel Paz y...