Tag: Vertical Mergers

In a major policy switch, federal antitrust agencies recently announced increased hostility to vertical mergers. Stated reasons include skepticism of their benefits and of...

Vertical relationships can have coordinated effects with important implications for planned revisions of the U.S. Department of Justice merger guidelines. Despite increased efforts to...

Mergers that expand healthcare systems, even when they combine providers that are unlikely to compete for inpatient discharges, are increasingly under scrutiny. Empirical academic...

Antitrust practitioners are mis-applying simple vertical merger screening techniques (e.g. vertical foreclosure arithmetic, price pressure analysis) to reach flawed and internally inconsistent conclusions about...

For many decades, the U.S. healthcare industry mostly consisted of a diversity of unintegrated physicians, hospitals, and insurers. Over the last 10 to 15...

By Serge Moresi & Marius Schwartz*   A vertical merger between a firm and an input supplier to that firm can generate efficiencies by eliminating double...

Following AT&T/Time Warner and the recent adoption of U.S. Vertical Merger Guidelines, vertical merger policy has again become a subject of intense debate. Some...

The new U.S. Vertical Merger Guidelines close the gap that was long manifest between the old guidance and both the economic theory and the...

Despite the common view that vertical mergers are generally less problematic than horizontal mergers, it is also recognized that they are not always innocuous....

Several recent investigations of vertical transactions in healthcare, along with the promulgation of new draft Vertical Merger Guidelines by the FTC and the DOJ,...