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Merger Simulation in Competition Policy: A Survey

Oliver Budzinski

Ilmenau University of Technology

Isabel Ruhmer

University of Mannheim - Center for Doctoral Studies in Economics and Management (CDSEM)

May 29, 2008

Advances in competition economics as well as in computational and empirical methods have offered the scope for the employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is, nevertheless, still a very young and innovative instrument of antitrust and, therefore, its "technical" potential is far from being comprehensively exploited and teething problems in its practical use in the antitrust environment prevail. We provide a classification of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems and limitations currently associated with their use in merger control. In summary, merger simulation models represent an important and valuable extension of the toolbox of merger policy. However, they do not qualify as a magic bullet and must be combined with other, more traditional instruments of competition policy in order to comprehensively unfold its beneficial effects.

Number of Pages in PDF File: 39

Keywords: merger simulation, merger control, antitrust, oligopoly theory, auction models, mergers & acquisitions

JEL Classification: L40, C15, K21

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Date posted: June 2, 2008  

Suggested Citation

Budzinski, Oliver and Ruhmer, Isabel, Merger Simulation in Competition Policy: A Survey (May 29, 2008). Available at SSRN: http://ssrn.com/abstract=1138682 or http://dx.doi.org/10.2139/ssrn.1138682

Contact Information

Oliver Budzinski (Contact Author)
Ilmenau University of Technology ( email )
Ilmenau, D-98684
HOME PAGE: http://www.tu-ilmenau.de/wth
Isabel Ruhmer
University of Mannheim - Center for Doctoral Studies in Economics and Management (CDSEM) ( email )
Mannheim, D-68131
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