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Are we there yet? The path toward more rigorous predictions of coordinated effects
Article

Are we there yet? The path toward more rigorous predictions of coordinated effects

The authors discuss the available tools to quantify coordinated effects in timelines that are realistic for merger reviews.

Expanding the Economic Analysis in Banking Merger Review
Article

Expanding the Economic Analysis in Banking Merger Review

This article explores economic lessons on bank mergers from literature and merger reviews in non-financial industries.

Quantifying Competitive Price Effects in Healthcare Provider Mergers
Article

Quantifying Competitive Price Effects in Healthcare Provider Mergers

This article examines how economists use changes in bargaining leverage to forecast the price effects of healthcare provider mergers.

The Impact of Pharmaceutical M&A on Innovation
Article

The Impact of Pharmaceutical M&A on Innovation

The authors examine existing academic literature on the impact of pharmaceutical mergers and acquisitions and identify remaining gaps.

Procompetitive Effects of Mergers in the 2023 Merger Guidelines: What Counts and Where?
Article

Procompetitive Effects of Mergers in the 2023 Merger Guidelines: What Counts and Where?

The authors provide an overview of the Agencies’ guidance for assessing procompetitive effects in merger evaluation, with a focus on changes in in the 2023 Merger Guidelines.

Assessing the Potential for Incentives to Raise Prices in Multi-Sided Platform Mergers
Article

Assessing the Potential for Incentives to Raise Prices in Multi-Sided Platform Mergers

The authors review the challenges of assessing anticompetitive pricing incentives in horizontal multi-sided platform mergers.

2023 Merger Guidelines Addressing Potential Impacts on Workers
Article

2023 Merger Guidelines Addressing Potential Impacts on Workers

In this article from The Threshold, the authors recap an American Bar Association panel on theories of labor harm in mergers.

Assessing Merger Guideline Feedback With Machine Learning
Article

Assessing Merger Guideline Feedback With Machine Learning

This article analyzes the results of large language model processing to reveal several important patterns in the comments to the draft merger guidelines.

A Summary of Comments on the 2023 Draft Merger Guidelines
Article

A Summary of Comments on the 2023 Draft Merger Guidelines

The authors review comments on the DMGs that relate to economic analysis of merger review.

Q&A with Joanna Tsai
Article

Q&A with Joanna Tsai

WWL interviewed Joanna Tsai of Cornerstone Research about working at the FTC, the evolution of merger analysis, and her advice for aspiring competition economists.

Cross-Market Implications in FTC’s Anesthesia Complaint
Article

Cross-Market Implications in FTC’s Anesthesia Complaint

The authors discuss how precedents from this case could potentially provide a framework under which the FTC will challenge mergers.

Antitrust Economics at a Time of Upheaval: Recent Competition Policy Cases on Two Continents
Article

Antitrust Economics at a Time of Upheaval: Recent Competition Policy Cases on Two Continents

Cornerstone Research professionals and affiliated expert contributed chapters on recent mergers.

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