We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices …. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search … firms to merge and the welfare implications of mergers. When search costs are relatively small, mergers turn out not to be …

We investigate the impacts of five airline mergers on one quality dimension, namely route frequency. We use monthly … data on routes between the largest 64 US cities from 1999 to 2016. On average, the mergers decrease the frequency, but … there are large differences between the five mergers. We hypothesize that these differences resulted from differences in the …

This paper studies mergers in markets where firms invest in a portfolio of research projects of different profitability … effect of mergers makes them consumer welfare improving. With constant elasticity of demand and constant marginal costs, a … demand. The portfolio effect of mergers may dominate the usual market power effects of mergers. …

. Event studies have been used as one method to acquire empirical insights into the competitive effects of mergers. However ….S. mergers between 1997 and 2017. I document that following a merger announcement, the most likely competitors experience on …