Does Merger Simulation Work? A "Natural Experiment" in the Swedish Analgesics Market Market

Preprint OPEN
Björnerstedt, Jonas; Verboven, Frank; (2012)
  • Subject: analgesics; constant expenditures nested logit; ex post merger analysis; merger simulation
    • jel: jel:L40 | jel:L41

We exploit a natural experiment associated with a large merger in the Swedish market for analgesics (painkillers). We confront the predictions from a merger simulation study, as conducted during the investigation, with the actual merger effects over a two-year compariso... View more
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