Name: A Critical Analysis of Critical Loss Analysis (en Inglés)
SKU: 57523982
Price: 27.55 USD
Availability: InStock
Author: Federal Trade Commission
ISBN: 9781502739681

portada A Critical Analysis of Critical Loss Analysis (en Inglés)

A Critical Analysis of Critical Loss Analysis (en Inglés)

Formato

Libro Físico

Editorial

Createspace

Autor

Federal Trade Commission

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

28x21.6x0.2 cm

Peso

0.10 kg.

ISBN13

9781502739681

Categorías

Empresa y gestión

A Critical Analysis of Critical Loss Analysis (en Inglés)

Federal Trade Commission (Autor) · Createspace · Tapa Blanda

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Reseña del libro "A Critical Analysis of Critical Loss Analysis (en Inglés)"

Critical loss analysis is often used to argue that firms with large margins have more to lose from a reduction in sales and hence are less likely to increase prices. This argument ignores the fact that profit-maximizing competitors who do not coordinate their pricing only have large margins if their customers are not very price sensitive. In this paper, we explore the implications of critical loss analysis using an internally consistent model of oligopoly. We show that, under the assumptions made in the standard critical loss analysis, firms with larger pre-merger margins are more likely to raise prices than are firms with smaller margins, other things equal. This reinforces the traditional view that mergers are more likely to harm consumers when the merging firms have greater market power, as measured by their margins. We also derive internally consistent formulas for evaluating the profitability of price increases when defining markets and evaluating unilateral competitive effects.