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
The OECD holds a roundtable on vertical mergers
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