Joseph Farrell and Carl Shapiro have proposed a measure of Upward Pricing Pressure (UPP) as offering a presumption of anticompetitive unilateral effects in a merger. We explain that the underlying framework (which relies on Bertrand competition) is in fact a special case of a more general merger simulation methodology. We discuss the strengths and weaknesses of the framework as a policy tool.
Ed. by Cervellati, Matteo / Fong, Yuk-fai / Peeters, Ronald / Puzzello , Daniela / Rivas, Javier / Schipper, Burkhard
1 Issue per year
Increased IMPACT FACTOR 2011: 0.490
Issues
Volume 12 (2012)
Volume 11 (2011)
Volume 10 (2010)
Volume 9 (2009)
Volume 8 (2008)
Volume 7 (2007)
Volume 6 (2006)
Volume 5 (2005)
Volume 4 (2004)
Volume 3 (2003)
Volume 2 (2002)
Volume 1 (2001)
Most Downloaded Articles
- Ascending Auctions with Package Bidding by Ausubel, Lawrence M and Milgrom, Paul R
- Seller Cheap Talk in Almost Common Value Auction by LI, Daniel Zhiyun
- Antitrust Evaluation of Horizontal Mergers: An Economic Alternative to Market Definition by Farrell, Joseph and Shapiro, Carl
- Strategic Effects of Renegotiation-Proof Contracts by Gerratana, Emanuele and Koçkesen, Levent
- An Experimental Comparison of Sequential First- and Second-Price Auctions with Synergies by Leufkens, Kasper/ Peeters, Ronald and Vorsatz, Marc
Understanding UPP
1Boston College, rje@royepstein.com
2University of California, Berkeley, Law School, drubinfeld@law.berkeley.edu
Citation Information: The B.E. Journal of Theoretical Economics. Volume 10, Issue 1, Pages –, ISSN (Online) 1935-1704, DOI: 10.2202/1935-1704.1641, May 2010
Publication History:
- Published Online:
- 2010-05-17
Keywords: merger analysis; unilateral effects
Comments (0)