number of mergers and acquisitions than might otherwise have occurred. We begin with a "closed-economy" perspective, focusing … on the effects of changes in tax laws on the demand for mergers and acquisitions of us corporations by US corporations … first order effect on observed merger and acquisition activity in the US. We also present evidence of increased reliance on …

change: internally precipitated management turnover, hostile takeover, and friendly takeover. We find that firms experiencing … is also weaker evidence that hostile takeover targets underperform their industry peers. We interpret this evidence as … relative to industry, but that an external challenge in the form of a hostile takeover is often required when the whole …

Focusing on takeover bids whose outcome can be predicted in advance with certainty, Grossman and Hart established the …

ways that are consistent with what has been observed after actual mergers, and possible merger remedies … structure and to show how accounting for selection can change predictions about post-merger market power and repositioning, in …

Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the … are robust to a range of approaches to address the endogeneity of firms' merger decisions …

We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can … reduce costs through either internal investment in building capital or through mergers. The model, which we solve … computationally, allows firms to invest or propose mergers according to the relative profitability of these strategies. An antitrust …

Using a new data set, we examine the characteristics and dynamics of cross-border mergers and acquisitions during … the effect of crises on emerging-market mergers and acquisitions, we find little evidence that foreign acquisitions are … foreign acquisitions during crises is mainly driven by non-financial acquirers targeting firms in the same industry rather …

industry merger and acquisition activity. All of these effects are stronger for smaller firms than for larger firms …

Many experts speculate that U.S. antitrust policy towards horizontal mergers has been too lenient. We estimate the … appliance markets most affected by the merger to markets where concentration changed much less or not at all. We estimate price …