undisputed. Deregulation has proceeded in three ways: (i) eased rate setting restrictions; (ii) simplified merger applications …

merger was 1.1 percentage points lower, during the five-year period centered on the merger, than that of carriers not … involved in merger. Almost all of this cost reduction appears to have been passed on to consumers. Part of the cost reduction …

this, the UK government has pursued an active policy of hospital merger. These mergers are initiated by a regulator, acting … on behalf of the public, and justified on the grounds that merger will improve outcomes. We examine whether this promise … involved in a merger, but that politics means that selection for a merger may be random with respect to future performance. We …

appliance markets most affected by the merger to markets where concentration changed much less or not at all. We estimate price …