Mergers between Backward Integrated Firms: Insights from BASF/Solvay’s Polyamide Business

05 August 2020
Dr. Nicola Tosini

If the elimination of double marginalisation creates the incentive for the merged entity to expand production, a capacity constraint upstream may be reached, giving rise to effects that, being neither horizontal nor vertical in nature, we consider non-traditional.”

Prof. Dr. Frank Maier-Rigaud and Dr. Nicola Tosini

NERA Associate Director Dr. Nicola Tosini and former Managing Director Prof. Dr. Frank Maier-Rigaud provide economic insights from BASF’s acquisition of Solvay’s polyamide business in their article “Mergers between Backward Integrated Firms: Insights from BASF/Solvay’s Polyamide Business,” published in the current issue of Oxford’s Journal of European Competition Law & Practice.  In their article, the authors illustrate complex issues that arise in the evaluation of mergers between differentially backward-integrated firms, including familiar and novel effects.

To read the article, please visit the Oxford Academic website. Learn more about NERA’s involvement in the BASF/Solvay Merger here.