Our economists advised ChemChina on its acquisition of Syngenta, a Swiss pesticides and seeds group. The European Commission (EC) approved the acquisition subject to the divestiture of parts of ChemChina’s European pesticide and plant growth regulator business. In the US, the Federal Trade Commission cleared the transaction with minor divestitures of pesticide products.
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...