The effect of mergers on consumer prices: evidence from five mergers on the enforcement margin by Orley Ashenfelter and Daniel Hosken
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- text
- unmediated
- volume
- 00222186
- HB73 JOU
Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
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Main Library Journal Article | HB73 JOU (Browse shelf(Opens below)) | Vol. 53, no.3 (pages 417-466) | SP8313 | Not for loan | For In House Use Only |
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In this paper we propose a method to evaluate the effectiveness of U.S. horizontal merger policy and apply it to the study of five recently consummated consumer products mergers. We select the mergers from those that, from the public record, seem most likely to be problematic. Thus, we estimate an upper bound on the likely price effect of completed mergers. Our study employs retail scanner data and uses familiar panel data program evaluation procedures to measure price changes. Our results indicate that four of the five mergers resulted in some increases in consumer prices, while the fifth merger had little effect
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