. Communication of acquisition plans does not increase takeover premiums but is less common in more competitive industries …

We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can … the period the merger is proposed. We also find that the ability to commit can lead to a significant welfare improvement …

total number and 37% of the total volume of M&As around the world since the early 1990s. We survey the literature on cross …

banks in individual EU countries help to explain the nature of cross-border merger activity. If they wish to protect …

The merger of Fleet and BankBoston in September 1999 resulted in a regional New England lending market in which only … one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined … merger, Fleet and BankBoston charged unusually low loan interest rates, reflecting their ability to realize economies of …

example, U.S. antitrust agencies lost several hospital merger challenges when evidence showed that a nontrivial fraction of …

guidelines reflect a substantial consensus on the appropriate template for merger assessment. Nevertheless, official protocols …

The challenge of effective merger enforcement is tremendous. U.S. antitrust agencies must, by statute, quickly forecast … estimating the price effects of mergers. We also describe how evidence from merger retrospectives can be used to evaluate the …