Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46510 
Year of Publication: 
2010
Series/Report no.: 
CESifo Working Paper No. 3268
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Most retrospective merger studies resort to the treatment effect approach, comparing the price dynamics in a treatment group and in a control group. We propose a systematic method to construct the groups, which applies to any industry with spatial competition. The method is consistent with the fact that mergers alter oligopolistic equilibria in complex ways, and thus that seemingly distant entities may be affected through indirect channels. An illustration based on a merger in the Parisian parking market is provided.
JEL: 
L10
L40
Document Type: 
Working Paper
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