We examine the dynamics of post-merger organizational integration. Our basic question is whether there is evidence of … of pre-merger operations decreases turnover. This finding is inconsistent with the view that workers of the two firms … substitute for each other, creating efficiencies from merger. However, that result and our other findings are consistent with the …

.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …

The merger of populations expands the comparison space of incomes. As a result, measures of the income-based social …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …