Browsing Articles (SAM) by Journals "Journal of Competition Law & Economics"
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A note on upward pricing pressure: the possibility of false positives
(Journal article; Peer reviewed, 2012)Joseph Farrell and Carl 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 ...