Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
Abstract We offer a comparative analysis of the trends in vertical merger policy in the U.S. and Canada. Guidelines issued by the U.S. agencies hold lessons for Canada, which has no guidelines that are dedicated specifically to vertical mergers. Canadian policy—as reflected in consent decrees and rules set in specific cases by the agency—has nonetheless developed along similar lines as in the U.S. The sharpest difference between policies in the two jurisdictions is in the consumer welfare standard of the U.S. policy versus a standard that is close to total surplus in Canada.