Sean May is a panelist on the session entitled, “Cutting Edge Economics for Future Merger Cases.” The FTC has succeeded in persuading judges that under a twostage competition model, relevant geographic markets in provider merger cases should be narrow. Is this right? Does that model overlook economic realities? And is the notion that a merger between providers in non-overlapping product or geographic markets might still be anticompetitive ready for prime time? This panel will explore these and other issues at the boundaries of current economic thinking.
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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...