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

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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