Using merger simulation models: Testing the underlying assumptions |
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Authors: | Jerry A. Hausman Gregory K. Leonard |
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Affiliation: | Department of Economics, 50 Memorial Drive, Cambridge, MA 02142-1347, United States |
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Abstract: | Merger simulation is now widely used by economists to evaluate the likely competitive effects of a proposed merger. However, the reliability of a given merger simulation depends crucially on the reliability of the data used and the assumptions made. We discuss tests that can be used to assess the reliability of a merger simulation and show how these tests were applied in the context of the Volvo–Scania merger. |
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Keywords: | Merger simulation Demand estimation |
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