Seminar "Mergers on Networks"

Time: 13.00-14.00 hours
Location: CPB-office, Bezuidenhoutseweg 30, The Hague, room 3, Braamzaal

Presentation: Andrei Dubovik (CPB)

Discussant: tba

Language: English

Registration:  Please register here

A valid ID card is required for external visitors. Please note that the waiting time at the reception desk can last 5-10 minutes. Guests with a Rijkspas may circumvent the reception desk and directly  go to the seminar room by filling in this form in advance: InterDepartementale Toegang

Abstract subject:
I take a closer look at the type of mergers where each firm owns multiple shops across a country. The current approach of the European Commission is based on the analysis of shops' catchment areas, where each area is studied in isolation. I show how to extend the Commission's approach to take overlaps in catchment areas into account. In effect, I compute the general equilibrium whereas the Commission considers partial equilibria. I compare the resulting price increases under both approaches and find that the ranking of price increases coincides in less than 60% of cases. Furthermore, there are cases where general equilibrium analysis predicts completely opposite results from those of partial equilibrium analysis done by the Commission.

CPB organises seminars for researchers. During these seminars, academic papers are presented and discussed. Seminars are held on Tuesday from 1.00 pm. to 2.00 pm.

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