文章基本信息

标题：A Note on Upward Pricing Pressure: The possibility of false positives
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作者：Lars Mathiesen ; Øivind Anti Nilsen ; Lars Sørgard 等
期刊名称：Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN：0804-6824
出版年度：2012
卷号：2012
出版社：Bergen
摘要：Farrell and Shapiro proposed a simple test of the possible upward pricing pressure (UPP) following a merger. They showed that the test may give false negatives, that is, indicate that a merger may not give an UPP, while a more comprehensive test would indicate the opposite. We show that their test applied to a case with asymmetric firms may give false positives.
关键词：Unilateral merger effects; post-merger price effects