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KDI 경제교육·정보센터

ENG
  • 경제배움
  • Economic

    Information

    and Education

    Center

최신자료
Optimal Merger Remedies
CEPR
2025.08.20
We develop a framework to study horizontal mergers when the parties can propose remedies to an antitrust authority. Remedies are modeled as asset divestitures, which make the firm receiving the assets more efficient at the expense of the merged firm. We consider both the case where the merger affects a single market and where it affects multiple markets. Solving for the merging firms‘ optimal proposal, we investigate when it involves remedies---and if so, which assets should be divested, and to whom, and how this depends on market characteristics such as the level of competitiveness.