contribute, on average, 20% of the total merger value added. Moreover, we find that multimarket efficiency gains dominate …Merger value is frequently evaluated in single market contexts without considering possible gains stemming from firms … multimarket firms create incremental value. We establish a simple theoretical model that determines merger value in a multimarket …

We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of …. We show that often stable mergers do not lead to more e.ciency and may even lead to efficiency losses. These mergers lead … to lower total welfare, suggesting that a regulator should be careful in assuming that possible efficiency gains of a …

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … and decreases wholesale prices when downstream competition is not too strong. Examining whether the merger’s potential …

that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax. …

and medium sized enterprises (SMEs) to adopt different types of resource efficiency measures (REMs), possibly …

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … profitable beyond that participation ratio. This result may be called a cross-ownership paradox, analogous to the merger paradox … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …

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

We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy … environment. Merger changes the strategic trade policy equlilibrium. We show that merger can be profitable and welfare enhancing …. incentives to give subsidies to their local firms. National merger induces more strategic trade policy, whereas international …

workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore … manage to survive submit to market powers and increase their female workforce over time. -- firm survival ; profitability …