Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be … profitable. The profitability depends on the post-merger contest st ructure, the discriminatory power of the contest and on the …

Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon … relationship is reasonably non-linear; (2) higher market-wide competition results in an increase in patenting, and the relationship …

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 … firm environment. The model enables us to derive merger values as being independent of post-merger market shares, but …

competition policy is likely to face more challenges as large companies are becoming more common in more and more industries. …

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 …

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 …

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. …

We analyze evidence production in merger control as a delegation problem in an inquisitorial competition policy system …. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its … implemented only after evidence on the efficiency of a merger proposal has been produced. …

scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …

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