全球智库信息集成服务系统(G2TT): DP17059 Should We Expect Merger Synergies To Be Passed Through to Consumers?

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP17059
	DP17059 Should We Expect Merger Synergies To Be Passed Through to Consumers?
	Andrew Sweeting; Mario Leccese; Xuezhen Tao
发表日期	2022-06-02
出版年	2022
语种	英语
摘要	Methods used to predict post-merger outcomes assume that synergies are common knowledge and imply that synergies will be at least partially passed through to consumers, potentially offsetting anticompetitive merger effects. However, the common knowledge assumption is inconsistent with other features of the merger review process and its implications are potentially inconsistent with the evidence of merger retrospectives. We relax the assumption in a simple model of post-merger competition and show that strategic incentives can lead a merged firm to not pass through quite large synergies arising in both horizontal and vertical mergers.
主题	Industrial Organization
关键词	Oligopoly Mergers Asymmetric information Pooling Firm conduct Pass-through
URL	https://cepr.org/publications/dp17059-0
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/546397
推荐引用方式 GB/T 7714	Andrew Sweeting,Mario Leccese,Xuezhen Tao. DP17059 Should We Expect Merger Synergies To Be Passed Through to Consumers?. 2022.