On 2 March 2022, the Administrative Council for Economic Defense unconditionally cleared Microsoft’s $1bn acquisition of XandR (an online platform for the buying and selling of digital advertising). The deal was also cleared by the Cypriot Commission for the Protection of Competition in March 2022.
Merger simulation in second-score auctions: A nested logit model
In a recent Economics Letters article, CRA’s Martino De Stefano and Serge Moresi show how to improve the second-score auction model that is often used to...