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Internal versus External Growth in Industries with Scale Economies : A Computational Model of Optimal Merger Policy
Mermelstein, Ben - 2014
We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can … the period the merger is proposed. We also find that the ability to commit can lead to a significant welfare improvement …
Persistent link: https://www.econbiz.de/10012458613
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A New Era of Midnight Mergers : Antitrust Risk and Investor Disclosures
Barrios, John M.; Wollmann, Thomas G. - National Bureau of Economic Research - 2022
, we present a method for measuring undisclosed merger activity that relies on financial accounting reporting requirements …
Persistent link: https://www.econbiz.de/10012814430
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Merger Effects and Antitrust Enforcement : Evidence from US Retail
Bhattacharya, Vivek; Illanes, Gastón; Stillerman, David - National Bureau of Economic Research - 2023
in the Horizontal Merger Guidelines. Through a model of enforcement, we find that agencies challenge mergers they expect …
Persistent link: https://www.econbiz.de/10014250141
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Merger Guidelines for the Labor Market
Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - National Bureau of Economic Research - 2023
mergers. We then simulate a representative set of U.S. mergers in order to evaluate merger review thresholds. Our main … lenient 2010 merger guidelines and unharmed, on average, under enforcement of the more stringent 1982 merger guidelines. We …
Persistent link: https://www.econbiz.de/10014250165
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The Effects of Taxation on the Merger Decision
Auerbach, Alan J. - 1987
that the tax losses and credits of acquired firms likewise exerted no impact on merger activity. Though the use of such …
Persistent link: https://www.econbiz.de/10012476878
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How to Get Away with Merger : Stealth Consolidation and Its Real Effects on US Healthcare
Wollmann, Thomas G. - 2020
Most US mergers are not reported to the government on the basis of their size, which can effectively exempt them from antitrust scrutiny, thereby leading to anticompetitive behavior. This paper studies premerger notification exemptions in the US dialysis industry. Over two decades, dialysis...
Persistent link: https://www.econbiz.de/10012481856
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Empirical Properties of Diversion Ratios
Conlon, Christopher T. - 2018
estimates of diversion, we identify candidate products for divestiture in a hypothetical merger …
Persistent link: https://www.econbiz.de/10012452905
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The Silent Majority Fallacy of the Elzinga-Hogarty Criteria : A Critique and New Approach to Analyzing Hospital Mergers
Capps, Cory S. - 2001
example, U.S. antitrust agencies lost several hospital merger challenges when evidence showed that a nontrivial fraction of …
Persistent link: https://www.econbiz.de/10012470508
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Horizonal Merger Analysis
Kaplow, Louis - 2020
guidelines reflect a substantial consensus on the appropriate template for merger assessment. Nevertheless, official protocols …
Persistent link: https://www.econbiz.de/10012482408
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Generating Evidence to Guide Merger Enforcement
Ashenfelter, Orley C. - 2009
The challenge of effective merger enforcement is tremendous. U.S. antitrust agencies must, by statute, quickly forecast … estimating the price effects of mergers. We also describe how evidence from merger retrospectives can be used to evaluate the …
Persistent link: https://www.econbiz.de/10012463849