The Art of M&A Due Diligence, Second Edition: Navigating Critical Steps and Uncovering Crucial Data by Alexandra Lajoux & Charles Elson

Author:Alexandra Lajoux & Charles Elson [Lajoux, Alexandra]
Language: eng
Format: mobi
Publisher: McGraw-Hill Education
Published: 2010-08-25T04:00:00+00:00

2.2 Lessening of Competition through Unilateral Effects

A merger may diminish competition even if it does not lead to increased likelihood of successful coordinated interaction, because merging firms may find it profitable to alter their behavior unilaterally following the acquisition by elevating price and suppressing output. Unilateral competitive effects can arise in a variety of different settings. In each setting, particular other factors describing the relevant market affect the likelihood of unilateral competitive effects. The settings differ by the primary characteristics that distinguish firms and shape the nature of their competition.

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