Critical Loss vs. Diversion Analysis: Clearing up the Confusion

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Malcolm Coate, Joseph Simons, Dec 16, 2009

Critical Loss Analysis has been a standard method of implementation for the market definition algorithm of the Department of Justice and Federal Trade Commission Horizontal Merger Guidelines. A few years ago, it was recognized as one of the major developments of the modern Merger Guidelines era. At the same time, however, there has been a lively debate about the pros and cons of the standard Critical Loss Analysis methodology. An alternative methodology has been proposed by the curren…

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