-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …

post-merger efficiency improvements to reveal a new margin of adjustment along the product dimension. We analyze horizontal … between differentiated varieties. After a merger, acquirers drop products from their consolidated domestic product portfolio … and reallocate assets towards core varieties. We further demonstrate that such merger-induced efficiency gains imply …

pressure post-merger. We show that while optimal pricing is determined by the nature of end-users' side choices, their platform … choices are crucial for merger analysis. …

The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear … demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many … recurring to cost savings of merger. Firms interact with each other, with customers, suppliers, their owners, and with …

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 …, controlling for selection on observables through a matching procedure when defining our control group. We show that the merger led …

models by estimating the wage-premium of a foreign takeover. The technology spillover theory predicts a larger wage growth in …

compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …