Abstract

http://ssrn.com/abstract=1719035
 
 

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A Treatment Effect Method for Merger Analysis with an Application to Parking Prices in Paris


Philippe Chone


National Institute of Statistics and Economic Studies (INSEE); CESifo (Center for Economic Studies and Ifo Institute)

Laurent Linnemer


National Institute of Statistics and Economic Studies (INSEE) - Laboratory of Industrial Economics; CESifo (Center for Economic Studies and Ifo Institute)

November 30, 2010

CESifo Working Paper Series No. 3268

Abstract:     
Most retrospective merger studies resort to the treatment effect approach, comparing the price dynamics in a treatment group and in a control group. We propose a systematic method to construct the groups, which applies to any industry with spatial competition. The method is consistent with the fact that mergers alter oligopolistic equilibria in complex ways, and thus that seemingly distant entities may be affected through indirect channels. An illustration based on a merger in the Parisian parking market is provided.

Number of Pages in PDF File: 21

Keywords: merger retrospective analysis, treatment effect models

JEL Classification: L10, L40

working papers series


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Date posted: December 5, 2010  

Suggested Citation

Chone, Philippe and Linnemer, Laurent, A Treatment Effect Method for Merger Analysis with an Application to Parking Prices in Paris (November 30, 2010). CESifo Working Paper Series No. 3268. Available at SSRN: http://ssrn.com/abstract=1719035

Contact Information

Philippe Chone
National Institute of Statistics and Economic Studies (INSEE) ( email )
18, Boulevard Adolphe-Pinard
75675 Paris Cedex 14
France
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
Laurent Linnemer (Contact Author)
National Institute of Statistics and Economic Studies (INSEE) - Laboratory of Industrial Economics ( email )
28 rue des Saints-Peres
75007 Paris
France
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
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