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¤ Best Seller Deep Range Merger window Merger window (% discount over RRP) .2 .1 .15 .02 .04 .06 .08 .1 .05 0 2004m1 2005m1 2005m12 2006m8 2007m3 2007m12 2004m1 2005m1 2005m12 2006m8 2007m3 2007m12 % discount= (RRP-ASP)/RRP % discount= (RRP-ASP)/RRP Evergreen Top Merger window Merger window (% discount over RRP) .15 .1 .2 .3 .4 .5 .1 .05 2004m1 2005m1 2005m12 2006m8 2007m3 2007m12 2004m1 2005m1 2005m12 2006m8 2007m3 2007m12 % discount= (RRP-ASP)/RRP % discount= (RRP-ASP)/RRP Overlap Non overlap ¤ Tomaso Duso (DICE) A Decade of Ex-post Merger Policy Evaluations 9 Nov. 2012 | 15
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