Mergers control: For a reconsideration of the structural analysis
By Laurent Benzoni and Julien Pellefigue
Since the ‘80s, economists have focused on behavioral analysis. This approach has contributed to the development of regulations on mergers control, decreasing the importance of structural analysis in favor of the study on unilateral and coordinated effects, as shown bythe latest version of the U.S. Merger Guidelines which give a limited role to structuralanalysis. According to the author, it is now time to reconsider structural analysis andsupplement the effects analysis by using tools such as the Lynda index on oligopolistic markets.
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