On April 17th, Alessandro Kadner-Graziano delivered a presentation at the Competition & Markets Authority (CMA) in London. Invited to showcase his work, he introduced two innovative merger tools he developed, engaging in discussions with economists involved in research and casework at the CMA. His research, encapsulated in the papers titled “Mergers of Complements: On the Absence of Consumer Benefits” and “Vertical Mergers without Foreclosure”, provides practical tools for antitrust authorities.
Response to the European Commission’s targeted consultation on revising its merger guidelines
Their recommendations include: Using simultaneous vGUPPIs to account for feedback effects between raising rivals’ costs (RRC) incentives and elimination of...