Merger of complements: Empirical evidence from the eyewear industry

We analyze the effects of a merger between sellers of perfect complements in an oligopolistic industry. Relying on a unique dataset listing every pair of glasses sold by almost 400 independent opticians in Germany, we study the effects of the 2018 merger between the global leading producer of ophtha...

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Bibliographic Details

Published in:	International journal of industrial organization Vol. 103; p. 103114
Main Authors:	Gaudin, Germain, Nagel, Niklas
Format:	Journal Article
Language:	English
Published:	Elsevier B.V 01.12.2025
Subjects:	Complementary products Conglomerate mergers Cournot effect Double marginalization Mergers D43 Cournot effect Double marginalization Complementary products L41 Mergers L42 Conglomerate mergers L13
ISSN:	0167-7187
Online Access:	Get full text
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