offers the predicted number of units. When the multiproduct firm is the Stackelberg leader, the predicted equilibrium is …

We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices …. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search … firms to merge and the welfare implications of mergers. When search costs are relatively small, mergers turn out not to be …

sufficiently large, consumer traffic from the non-merging firms to the merged ones is so small that mergers become unprofitable …

Deneckere and Davidson (1985)hold. However, as search costs increase, the merging firms receive fewercustomers so mergers become …

an informative estimate of the causal effect of mergers in our sample. Existing measures of long-run abnormal returns …

We study mergers in a market where <I>N</I> firms sell a homogeneous good and consumers search sequentially to discover … prices. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search … firms to merge and the welfare implications of mergers. When search costs are relatively small, mergers turn out not to be …

We analyze the effects of mergers in first-price sealed-bid auctions on bidders' equilibrium bidding functions and on …