|
|
|
|
||||
|
||||
A Treatment Effect Method for Merger Analysis with an Application to Parking Prices in ParisPhilippe ChoneNational Institute of Statistics and Economic Studies (INSEE); CESifo (Center for Economic Studies and Ifo Institute for Economic Research) Laurent LinnemerNational Institute of Statistics and Economic Studies (INSEE) - Laboratory of Industrial Economics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research) 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 seriesDate posted: December 5, 2010Suggested CitationContact Information
|
|
||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo6 in 0.422 seconds
