Despite reforms undertaken by both the US Department of Justice and the Federal Trade Commission, complying with a Second Request in a merger review remains a costly and time-intensive process. The sheer volume and scope of data demanded can be staggering, but Matthew List discusses how this burden can be managed effectively by engaging with the legal and economics staff at the agencies. To read the article, click the link below.
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...