, we analyze firm misreporting, auditor monitoring and competition, and regulatory policy in a unified model. A federated … blockchain for financial reporting and auditing can improve verification efficiency not only for transactions in private …

Merger control authorities may approve a merger based on a so-called 'efficiency defence'. An important aspect in … clearing mergers is that the efficiencies need to be merger-specific. Joint ventures, and in particular research joint ventures …

-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or … are robust to a range of approaches to address the endogeneity of firms' merger decisions …

Merger efficiencies provide the primary justification for why mergers of competitors may benefit consumers … merger of Miller and Coors breweries was expected to increase concentration and reduce costs. All else equal, the average … and opposite efficiency effect …

mergers. We then simulate a representative set of U.S. mergers in order to evaluate merger review thresholds. Our main … efficiency gains of 5 percent, our simulations suggest that workers are harmed, on average, under the enforcement of the more … lenient 2010 merger guidelines and unharmed, on average, under enforcement of the more stringent 1982 merger guidelines. We …

This paper studies the impact of technological change and regulatory competition on governmental efforts to generate …

In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a … ways that might affect the optimality of competition. The paper then focuses on the main areas in which antitrust has been …

industry for competition, efficiency, and public policy. As will become apparent, this area offers a number of intriguing … implications of these changes for the nature and consequences of competition in health care markets. In this paper, we summarize …

literature to introduce an empirical framework for analyzing network competition among airlines. Airlines make market entry … decisions and choose flight frequencies in the first stage, followed by price competition to attract passengers in the second … merger, the paper proposes a novel equilibrium concept that makes it feasible to compute the industry equilibria …