Willingness-to-pay is a potentially powerful merger simulation model used to assess the likely competitive effects of hospital mergers, however there is little evidence on how well it predicts actual merger outcomes. To read the newsletter, click below.
Pivotality: A sound new theory of harm in horizontal mergers?
In its review of the Novelist/Aleris merger, the European Commission relied upon a novel pivotality theory of harm, where pivotality indicates that competitors...