P&O Princess Cruises/Carnival Corporation Merger

An Analysis Group team, 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 10-month investigation, the FTC allowed the transaction to proceed without challenge.