Sonenshine, Ralph; Da, Seyni - In: Journal of risk and financial management : JRFM 15 (2022) 7, pp. 1-19
The welfare implications of vertical mergers have been a subject of disagreement for decades. Similar to horizontal … mergers, economists need to weigh the efficiency gains relative to the market power concerns when considering the competitive … effects of vertical mergers. However, in vertical mergers, regulators are also concerned with other potential harmful effects …