(départements and provinces) in France and Italy. We propose a measure of the degree of competiveness in each local market that is … among incumbent banks on competition and discuss when, depending on the pre-merger structure of the market and geographic … distribution of branches, the merger is anti-competitive. The paper has implications for competition policy as it suggests an …

This paper uses an endogenous merger formation approach in a concentrated international oligopoly to examine the … effects of trade liberalization on the nature of merger incentives (national vs. international). The effects of unilateral … liberalization has been accompanied by an increase in international merger activity. Among equilibrium market structures …

neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported …) decrease in labour demand due to merger-specific synergies and derive welfare effects. We find that efficiency benefits from …-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …

We consider a setting in which two potential merger partners each possess private information pertaining both to the … ex-post regret an unavoidable phenomenon in merger negotiations. To this end, we consider ex-post incentive compatible … mechanisms, which use both players' reports to determine whether or not a merger will take place and what each player will earn …

effects. -- merger simulation ; merger control ; antitrust ; oligopoly theory ; auction models ; mergers & acquisitions … employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems …

such a rule would cause a considerable amount of false positives. -- oligopoly theory ; horizontal merger policy … mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable …

states of hyper-competition with supply shortages. We also analyze the impact of a change in firm size distribution. A merger …