Department of Economics

AUTHOR

Foncel Jerome

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Industrial Organization , Applied Research - 2008

An Econometric Workbench for Comparing the Substantive and Dominance Tests in Horizontal Merger Analysis

We investigate for the individual and relative accuracy of two major market power tests: the Herfindahl Hirschman Index (HHI), and the merger simulation model of unilateral effects. We propose a methodology to compare the predictive and screening power of both tests by implementing them in a hypothetical economy.

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