Discussion Paper Series in Economics, Department of Economics, Norwegian School of Economics (NHH)
A Note on Upward Pricing Pressure:The possibility of false positives.
(), Øivind Anti Nilsen
() and Lars Sørgard
Abstract: Farrell and Shapiro proposed a simple test of the possible
upward pricing pressure (UPP) following a merger. They showed that the test
may give false negatives, that is, indicate that a merger may not give an
UPP, while a more comprehensive test would indicate the opposite. We show
that their test applied to a case with asymmetric firms may give false
Keywords: Unilateral merger effects; post-merger price effects.; (follow links to similar papers)
JEL-Codes: K21; L41; (follow links to similar papers)
8 pages, May 8, 2012
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