Game Changer - the game theory podcast How to predict emerging market power using Game Theory | with Philipp Heller
Aug 2, 2021
In this episode, Philipp Heller, an expert on mergers, antitrust, and competition, discusses how game theory can be used to predict the effects of market consolidations. They explore examples like the intended merger of Vonovia and Deutsche Wohnen and explain game theory concepts useful for antitrust authorities. The podcast also delves into different types of mergers, the impact on competition and consumer welfare, and the role of game theory in antitrust decision-making.
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No Typical Merger Effects
- Mergers don't have typical effects like other business stories.
- Each merger's effect depends on specific circumstances, including which firms merge.
Horizontal Mergers
- Horizontal mergers involve firms in the same market, like Deutsche Wohnen and Vonovia.
- This can reduce competition and increase prices for consumers as choices diminish.
Vertical Mergers
- Vertical mergers involve firms in a supply chain, like a supplier and a manufacturer.
- These mergers can benefit consumers through increased efficiency and lower costs due to combined operations.