The OECD holds a roundtable on vertical mergers

Key documents: Executive Summary with key findings, Detailled Summary of the discussion, Background note Executive summary, by the Secretariat Considering the discussion at the roundtable, the delegates‘ written submissions, and the Secretariat‘s background paper, several key points emerge: (1) The antitrust economics of vertical mergers, and hence the enforcement policy toward them, are substantially more complicated than they are for horizontal mergers. First, vertical mergers are typically a source of considerable price and non-price efficiencies. Non-price efficiencies arise from the increase in coordination often realised from a vertical merger, coordination that cannot be realised through the use of contracts alone because of incompleteness. Vertical mergers often lead to

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • OECD - Competition Division (Paris)

Quotation

OECD, The OECD holds a roundtable on vertical mergers, 1 February 2007, e-Competitions February 2007, Art. N° 85682

Visites 53

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues