We integrate a market microstructure model with an exchange competition model with entry in which exchanges supply … strategic substitutes or complements in platform competition. Free entry of platforms delivers a superior outcome in terms of …

In this paper we analyse the bank merger between DnB and Gjensidige Bank in 2003, ranked by market share as number one … unaffected markets, but this relationship is weak and not statistically significant. The merger also affected the riskiness of … remedial measures imposed by the Norwegian Competition Authority on the two merging parties are also likely to explain some of …

This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … that create important challenges for competition policy. We show that these features have been key determinants of the … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions …

before the merger. While the low-variety target’s stores reduced the depth of their assortment when in direct competition …We study the effect of a merger between two Dutch supermarket chains to assess its effect on the depth as well as … composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger’s effects …

This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … of market competition. This study shows that inflation decreases with greater market competitiveness even after … controlling for productivity effects. Indeed, when market competition and productivity effects are both accounted for, trade …

standard markup pricing model, reductions in market competition, along with increased nominal exchange rate volatility, are …

pure monopoly. We extend this model by examining cases of perfect competition and a vertically integrated domestic company … larger are the backward linkage effects. They reach their maximum under perfect competition in the intermediate goods market …

mediating the interactions between consumers and firms. When platform competition is intense, more consumers subscribe to the …