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Advisor(s)
Abstract(s)
The growth of private-equity investment strategies in which rms often hold partial ownership
interests in competing rms has led competition agencies to take an increased interest in as-
sessing the competitive e¤ects of partial horizontal acquisitions. We propose a methodology to
evaluate the coordinated e¤ects of such acquisitions on di¤erentiated products industries. The
acquisitions may be direct and indirect, and may or not correspond to control. The method-
ology, that nests full mergers, evaluates the impact on the range of discount factors for which
coordination can be sustained. We provide an empirical application to several acquisitions in
the wet shaving industry.
Description
Keywords
Antitrust Coordinated Efects Partial Acquisitions Oligopoly Diferenti-ated Products Demand Estimation
Pedagogical Context
Citation
BRITO, Duarte; RIBEIRO, Ricardo; VASCONCELOS, Helder - Quantifying the Coordinated Effects of Partial Horizontal Acquisitions. SSRN working paper series. 2013. Available at: (June 19, 2013). Available at SSRN:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2282126