The US government retained CRA’s expert in a merger between two tax preparation companies. After an extensive analysis of the companies’ proposed merger efficiencies, the CRA expert concluded that these efficiencies were either not merger-specific or not verifiable, or both. Ultimately the court agreed with CRA’s expert and the merger was blocked.
How capacity constraints shape unilateral price effects in horizontal mergers
Examples include hospitals with a fixed number of beds, and hotels with a fixed number of rooms. In the article “Unilateral Price Effects in Horizontal...