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 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...