Economic Theory of Vertical Mergers: Analyzing Vertical Mergers

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Video Description

This lecture defines and discusses the competitive implications of vertical mergers; i.e., how they could either enhance or harm competition, depending on the particular facts of a proposed transaction. Some real-world historical examples are discussed, and some basic analytical results from some simple models of vertical mergers are explored.

Instructor

Michael Vita

Former Deputy Director for Research and Management, Federal Trade Commission, Bureau of Economics

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