In this article from the Fall 2014 edition of Monopoly Matters, Sean Durkin shows that the discount attribution test framework provides a simple, intuitive way to illustrate the procompetitive consequences of loyalty discounts. To read the article, click the link below.
For a longer version of the paper, click here.
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...