CRA economists advised counsel to parties in the $1.65 billion merger of event management technology providers Cvent and Lanyon Solutions. CRA economists provided economic analyses and support throughout the DOJ’s extensive Second Request investigation. In the end, the DOJ cleared the merger with no remedies. Lanyon is owned by Vista Equity Partners. The combined firm will operate under the Cvent brand. CRA’s team included Michael Salinger, Gary Roberts, Paul Labys, and Michael Smith.
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...