On The Price Effects Of Horizontal Mergers: A Theoretical Interpretation

Emilie Dargaud, Carlo Reggiani

Research output: Contribution to journalArticlepeer-review


Horizontal mergers are usually under the scrutiny of antitrust authorities due to their potential undesirable effects on prices and consumer surplus. Ex-post evidence, however, suggests that these effects do not always take place and even relevant mergers may end up having negligible price effects. The analysis of mergers in the context of non-localized spatial competition may offer a further interpretation to the ones proposed in the literature: in this framework both positive and zero price effects are possible outcomes of the merger activity. © 2013 Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research.
Original languageEnglish
JournalBulletin of Economic Research
Publication statusPublished - 2013


  • D43
  • Horizontal mergers
  • L11
  • L13
  • Price effects
  • Spokes model


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