P&O Princess Cruises/Carnival Corporation Merger

An Analysis Group team led by Managing Principal Steven Herscovici and Vice President George Kosicki, in support of academic affiliate Robert Pindyck, was retained  to perform an economic analysis of the cruise industry and to evaluate the competitive effects of potential industry consolidation that ultimately led to P&O Princess’ merger with Carnival Corporation. We submitted a white paper to the FTC and  senior FTC economists and attorneys. After a ten-month investigation, the FTC allowed the transaction to proceed without challenge.