In their new article, the authors compare Upward Pricing Pressure (“UPP”) analysis to Compensating Marginal Cost Reductions (“CMCR”) and show the later provides additional information that can benchmark the “costs” of a merger against its “benefits,” i.e., merger synergies. The authors also present a simple checklist to document significant departures from standard models of price or quantity competition that are important to recognize when performing merger analysis following the new Guidelines.
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- CE Director Michael Doane and CE Academic Affiliates Luke Froeb and Steven Tschantz publish new article in CPI Antitrust Journal on the new DOJ/FTC Horizontal Merger Guidelines and the use of UPP Analysis