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 … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments …

differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger …. We allow the merger responses to vary across firms, even after controlling for regressors, and apply a random …

through increasing-returns-to-scale technologies. Unlike in the case of for-profit competition, in the non-profit case the …

industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher … for natural gas, are characterized by imperfect competition and increasing costs to develop new energy sources. As a …

This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric … subsidy competition, starting from an equilibrium where the industry core is inefficiently locked in to the smaller region …

prices and features of goods without incurring search costs. The platform alleviates sellers' competition by charging them …

competition between the TV channels, since they take into account the fact that a lower viewer price at one channel will harm …

broker therefore strategically sells partial information on consumers in order to soften competition between firms. Extending …