Norman, George; Pepall, Lynne; Richards, Daniel - In: Canadian Journal of Economics 38 (2005) 4, pp. 1204-1223
Cost synergies are an explicitly recognized justification for a two-firm merger, and empirical techniques are now widely used to assess the impact of cost-reducing mergers on prices and welfare in the post-merger market. We show that if the merger occurs in a vertically product differentiated...