Article | April 11, 2024
Recursive Nash-in-Nash Bargaining Solution
Keith Waeher authored the paper “Recursive Nash-in-Nash Bargaining Solution” with Xiaowei Yu. The paper has been published in Economics Bulletin.
Dr. Waehrer has testified at deposition and trial on mergers, monopolization claims, and calculations of reasonable royalties. He is an expert in analyzing competitive effects in auction markets and the impact of overlapping minority shareholdings on competition and has published several highly regarded papers on these subjects.
Washington, DC
Keith Waehrer has testified at deposition and trial on mergers, monopolization claims, and calculations of reasonable royalties. Dr. Waehrer has worked on some of the highest-profile US antitrust litigation and corporate mergers in recent years, including United States v. ASSA ABLOY, State of New York et al. v. T-Mobile-Sprint, FTC v. Qualcomm, United States v. AT&T-Time Warner, and United States of America et al. v. American Express Co. et al., and the E.I. DuPont de Nemours & Co. and Dow Chemical Company, United Technologies Corp. and Rockwell Collins, and Comcast and Time Warner Cable (abandoned) mergers. Having published several highly regarded papers on the subjects, Dr. Waehrer is expert in analyzing competitive effects in auction markets and the impact of overlapping minority shareholdings on competition.
As a visiting partner at ESMT Competition Analysis (now known as E.CA Economics) in Berlin, Germany, Dr. Waehrer worked on significant matters before the European Commission and national competition authorities in Europe. His international experience also includes a major merger matter before the South African competition authorities. He has worked in a wide range of industries, including consumer products, telecommunications, aerospace, music licensing, Internet services, pharmaceuticals, financial services, e-commerce, agricultural inputs, industrial parts, and chemicals.
Dr. Waehrer was named to Global Competition Review’s International Who’s Who of Competition Economists in 2012 and since 2018.
Recursive Nash-in-Nash Bargaining Solution
Keith Waeher authored the paper “Recursive Nash-in-Nash Bargaining Solution” with Xiaowei Yu. The paper has been published in Economics Bulletin.
An Overview of Market Definition in the 2023 Merger Guidelines
On December 18, 2023 the Federal Trade Commission and Department of Justice (collectively, the Agencies) released the 2023 Merger Guidelines. The new guidelines are a modification of the draft Merger Guidelines published in July 2023 and replace the 2010 Horizontal Merger Guidelines and the 2020 Vertical Merger Guidelines.
An Overview of Market Definition in the Draft Merger Guidelines
In this client alert, Secretariat’s economic experts share their perspectives on how the description of market definition has changed in the recently issued a draft version of new Merger Guidelines from The United States Federal Trade Commission (FTC) and the Antitrust Division of the U.S. Department of Justice (DOJ). The authors outline the four “tools” included in the Guidelines that “demonstrate that a market is a relevant antitrust market.” They also outline key elements that are absent and discuss concepts that have been expanded, including Bundled Product Markets and One-Stop Shops in Markets.