Ex ante or Ex post? When the timing of merger assessment is up to the merging firms
Jean-Philippe Tropeano
(1, 2)
Jean-Philippe Tropeano
- Fonction : Auteur
- PersonId : 836618
Résumé
We develop a framework in which the timing of the merger control is left to the merging firms’ discretion: before the completion of the merger (ex ante) or afterwards (ex post). We show that the choice of merger control timing by the firms always dominates the ex ante control in terms of expected consumer surplus. The choice of merger control timing also dominates the ex post control except if the expected merger outcome is very anti-competitive.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Ex ante or Ex post? When the timing of merger assessment is up to the merging firms
|
Résumé |
en
We develop a framework in which the timing of the merger control is left to the merging firms’ discretion: before the completion of the merger (ex ante) or afterwards (ex post). We show that the choice of merger control timing by the firms always dominates the ex ante control in terms of expected consumer surplus. The choice of merger control timing also dominates the ex post control except if the expected merger outcome is very anti-competitive.
|
Auteur(s) |
Jean-Philippe Tropeano
1, 2
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
2
PJSE -
Paris Jourdan Sciences Economiques
( 578027 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Volume |
52
|
Public visé |
Scientifique
|
Numéro d'article |
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2020-09
|
Domaine(s) |
|
DOI | 10.1016/j.infoecopol.2020.100862 |
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