costs go up, consumer traffic from the non-merging firms to the merged ones decreases and eventually mergers become …

) considerations also make profitable mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal …

standard results on the effects of mergers in Cournot models. Prior work finds that, absent efficiency gains, mergers among … neither of these results need hold when mergers can alter the boundaries of technology competition. …

analyse the motivations for horizontal mergers, technology choice, and their welfare implications. We first analyse the … implication of market structure for the distribution of industry profits. We find that retailer mergers are more likely (less … likely) if suppliers have increasing (decreasing) unit costs, while supplier mergers are more likely (less likely) if goods …