Farrell and Shapiro (2008) have proposed a test – called the Upward Pricing Pressure (UPP) test – to evaluate potential unilateral effects of horizontal mergers. This comment shows that the UPP test – suitably reinterpreted and properly implemented – can be applied usefully also in industries where suppliers set prices through bidding competition.
CRA strengthens its Antitrust & Competition Economics Practice
“We are pleased to welcome Nate to CRA’s Antitrust & Competition Economics Practice,” said Paul Maleh, President and Chief Executive Officer of Charles River...