Abstract
In September 5th, 2005 Gas Natural, the major natural gas Spanish incumbent, launched a bid for Endesa, the major electricity incumbent. The bid arises complex issues, because of potential horizontal and vertical anti-competitive effects analysis, as well as that of the proposed remedies. One particular effect is related to the increase in gas logistics costs that other companies than the merged ones could face. The paper address the reasons that could arise such as concern, as well as a model proposed in order to estimate the possible effect size.
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