Abstract

http://ssrn.com/abstract=1277781
 


 



Some Dynamics of High-Tech Merger Analysis in General and with Respect to Xm-Sirius


Thomas W. Hazlett


George Mason University Dept. of Economics and School of Law

September 2008

Journal of Competition Law and Economics, Vol. 4, Issue 3, pp. 753-773, 2008

Abstract:     
Horizontal merger evaluation is heavily reliant on market definition. An SSNIP framework formats the analysis, and demand elasticity evidence used to apply the test is often sparse, as is often found in high-technology industries. This paper examines other sources of evidence that reveal the dynamics of market structure, data that are also probative in the evaluation of competitive effects. These sources include capital valuations of firms, financial event studies, and the public positions taken with respect to the merger by interested parties. Such evidence is examined in the XM-Sirius merger (2007-08) and shown-in two of the three instances-to be relatively informative in merger welfare analysis.

Keywords: K21, L41, L82

Accepted Paper Series


Not Available For Download

Date posted: October 8, 2008  

Suggested Citation

Hazlett, Thomas W., Some Dynamics of High-Tech Merger Analysis in General and with Respect to Xm-Sirius (September 2008). Journal of Competition Law and Economics, Vol. 4, Issue 3, pp. 753-773, 2008. Available at SSRN: http://ssrn.com/abstract=1277781 or http://dx.doi.org/nhn024

Contact Information

Thomas W. Hazlett (Contact Author)
George Mason University Dept. of Economics and School of Law ( email )
George Mason School of Law
3301 Fairfax Drive
Arlington, VA 22201
United States
703-993-4244 (Phone)
HOME PAGE: http://mason.gmu.edu/~thazlett/

George Mason Law School Logo

Feedback to SSRN


Paper statistics
Abstract Views: 214

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.328 seconds