predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity, a merger reduces innovation of both the merged entity and non-merging competitors in an industry with high R … consistent with many predictions of the theoretical model. Our main result is that after a merger, patenting and R&D of the …

set of industries. We exploit expert market definitions from the European Commission's merger decisions to identify … particularly pronounced in markets with few players, high initial markups and concentration. We also provide evidence that merger … rivals reduce their employment, sales and investment, while their profits increase around the time of a merger. …

This paper analyzes the effects of a merger between a German supermarket chain and a soft discounter on consumer prices … indicate that both insiders and outsiders raised average prices after the merger, particularly in regions with high expected …

inputs and outputs. Results are mixed for outcomes related to variety and product quality. Literature on merger effects on … derive a number of ideas and options for merger policy. …