2019
DOI: 10.2139/ssrn.3387999
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Increasing Market Power and Merger Control

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Cited by 3 publications
(2 citation statements)
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“…Such dynamic aspects of competition are particularly relevant in industries where, already prior to a proposed merger, firms exhibit substantial market power. In our previous work (Valletti and Zenger 2018 , 2019 ) we discuss the structural increase in market power that many industries have experienced over the past 30 years according to the empirical literature. As we illustrate there, it is rational for competition authorities to apply comparatively stricter concentration benchmarks when pricing power is already substantial.…”
Section: Concentration Measures In Differentiated Product Mergersmentioning
confidence: 99%
“…Such dynamic aspects of competition are particularly relevant in industries where, already prior to a proposed merger, firms exhibit substantial market power. In our previous work (Valletti and Zenger 2018 , 2019 ) we discuss the structural increase in market power that many industries have experienced over the past 30 years according to the empirical literature. As we illustrate there, it is rational for competition authorities to apply comparatively stricter concentration benchmarks when pricing power is already substantial.…”
Section: Concentration Measures In Differentiated Product Mergersmentioning
confidence: 99%
“…São operações de aquisição de empresas nascentes cujas tecnologias têm o potencial de desafiar produtos ou serviços existentes. Por meio dessas operações predatórias, elimina-se um concorrente potencialmente significativo, enfraquecendo, assim, a concorrência (CUNNINGHAM; EDERER; MA, 2018;VALLETTI;ZENGER, 2019). Nesse contexto, Shapiro (2019) sugere que as autoridades procedam com mais cautela quando uma empresa dominante procurar adquirir outra que opera em um mercado adjacente, "especialmente se a empresa-alvo estiver bem posicionada para contestar a posição do dominante em um futuro próximo".…”
Section: Introductionunclassified