interaction between firms in a general equilibrium setting). In terms of economic importance, the dominant merger wave variable is … a positive global-all effect, indicating that M&A waves are an economy-wide, global phenomenon. Country-specific merger …

consumers search the market for satisfactory deals. In the pre-merger market equilibrium, all firms look alike and so the … merger, insiders raise their prices more than the outsiders so consumers search for good deals first at the non … firms receive fewer customers so mergers become unprofitable for sufficiently large search costs. This new merger paradox is …

interaction between firms in a general equilibrium setting). In terms of economic importance, the dominant merger wave variable is … a positive global-all effect, indicating that M&A waves are an economy-wide, global phenomenon. Country-specific merger …