mergers can be jointly unprofitable. Second, the buyer's preferred merger partner is almost always the seller with lower …

We examine the role of private information on the impact of vertical mergers. A vertical merger can improve the … information that is available to an upstream monopolist because, after the merger, the monopolist can observe the cost of its … downstream merger partner. In the pre-merger world, because the costs of the downstream firms are private information, the …

We develop a theory of imperfect competition with loss-averse consumers. All consumers are fully informed about match …