In this comprehensive review of ex-post merger studies price effects of horizontal transactions are evaluated. By …

This paper examines how firms adjust cash holdings following horizontal mergers in the industry. Using a sample of 16 …,597 horizontal mergers between US firms from 1984 to 2016, we find that in the three-year period following horizontal mergers, the … that is more consistent with their investment opportunities. Using a control group of firms exposed to withdrawn horizontal …

This paper aims at investigating the impacts of introducing cost asymmetry in horizontal merger analysis. In the …

Theory predicts that in concentrated industries with high product similarity, horizontal acquisitions can effectively … firms’ propensity to make horizontal acquisitions is greater and that the acquisitions result in more positive announcement …. Overall, by emphasizing the importance of product similarity, our results help explain mixed results on whether horizontal …

We analyze the optimal dynamic policy of an antitrust authority towards horizontal mergers when merger proposals are …

This paper studies how horizontal mergers between cable providers impact the vertical contracting outcomes (per … equilibrium impact of horizontal mergers between cable providers on renegotiated vertical contracts between the merging entities …

Do horizontal mergers shape the way an industry evolves? I answer this question by investigating the non-merging rivals …’ investments. Based on the stylized fact that the rivals’ performance on average declines in the three years following horizontal …

This paper presents theory and evidence on horizontal industry structure, focusing on situations where plant …