CRA’s economics consultants provided Yellow Media Inc. with economic analysis in its CAN$225 million acquisition of Canpages. We empirically tested whether advertising rates were lower when Yellow Pages competed with Canpages in local markets. No such effect was found, and the merger was cleared without conditions.
How Views On US Healthcare Price Transparency Are Changing
Previously in a series of policy letters, Federal Trade Commission staff expressed concerns that transparency could lead to coordinated behavior and higher...