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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/2030

Title: Merger assessment in oligopolistic markets: lessons from Interbrew/Bass
Authors: Coppi, Lorenzo
Dobson, Paul
Keywords: merger
joint dominance
competition
beer
Issue Date: 2002
Publisher: © Loughborough University
Citation: COPPI and DOBSON, 2002. Merger Assessment in Oligopolistic Markets: Lessons from Interbrew/Bass. Occasional Paper, 2002:5, Loughborough: Business School, Loughborough
Abstract: This paper considers the means by which mergers are assessed by competition authorities in oligopolistic markets. The focus of the paper is on whether a merger would lead to the emergence of conscious parallel behaviour arising from the joint dominance of the leading players. This assessment is typically conducted informally relying on a checklist of known market conditions that support the formation of cartels. This paper highlights the problems that can arise with this approach and the need for competition authorities to place greater emphasis on empirical assessment of market conduct. By way of illustration, the paper considers market conduct in the UK beer market in light of the conclusion of the UK Competition Commission that co-ordinated behaviour would arise following the Interbrew/Bass merger. The analysis here points to flaws in the Competition Commission’s arguments and consequently challenges its findings.
Description: THIS PAPER IS CIRCULATED FOR DISCUSSION PURPOSES AND ITS CONTENTS SHOULD BE CONSIDERED PRELIMINARY AND CONFIDENTIAL. NO REFERENCE TO MATERIAL CONTAINED HEREIN MAY BE MADE WITHOUT THE CONSENT OF THE AUTHORS.
URI: https://dspace.lboro.ac.uk/2134/2030
ISBN: 1859011810
Appears in Collections:Occasional Papers Series (Business School)

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