CRA was retained to assist Pearson plc’s antitrust counsel in the US and Canada in matters related to the proposed merger between trade publishers Penguin and Random House. Our experts analyzed pricing patterns, demand and supply determinants, competitive effects, and efficiencies in both upstream (publishing) and downstream (distribution) markets. Competition authorities in all involved jurisdictions reviewed and cleared the merger.
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...