We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … and decreases wholesale prices when downstream competition is not too strong. Examining whether the merger's potential …

merger by either reducing or increasing both price and quality. Welfare implications are not clear-cut and mergers might …

We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the … a horizontal merger that has been ignored in the existing literature. In contrast to the usual belief, we also show that … a horizontal merger may benefit the consumers and the society …

The U.S. and EU Merger Guidelines strongly emphasize the relevance of the “ease of entry” argument in merger … number of firms in related product markets. Finally, our results confirm that post-merger changes in the equilibrium number …

product space are lower and a merger with an incumbent (horizontal FDI) offers pricing power that allows the entrant to … product space and can provide an additional incentive for a merger. A basic product space model with a linear Hotelling setup …-border merger and acquisitions data support the model's prediction that horizontal FDI grows relatively faster than exports in …

We analyze the impact of a merger on firms' incentives to innovate. We show that the merging parties always decrease … their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to … reduce overall innovation. Consumers are always worse off after a merger. Our model calls into question the applicability of …

a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a … manufacturers merger, although it leads to an increase in the wholesale prices, it can enhance product variety. The merger generated … products to consumers, a merger never results into more product variety. Still, both in the presence and in the absence of …

In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find …