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 …

gains and the likely effect on market power creation. However, the realities may be different from the expected synergy … creation since merger regulations are ex ante in nature. The present study is an attempt to understand how far the expected …

macroeconomic conditions. Our results support the notion that mergers are often undertaken to seize growth opportunities. -- merger …

We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard … prediction of the lemons market model–if any, only low-type firms are traded–is likely to be misleading: Merger returns, i.e. the … difference between pre- and post-merger profits, are not necessarily higher for low-type firms. This has two implications. First …

This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime switching model …. Using quarterly data covering the last thirty years, for the US, we identify the beginning of a merger wave in the mid 1990s … but not the much-discussed 1980s merger wave. We argue that the latter finding can be ascribed to the refined methods of …

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 … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …

merger and acquisition strategies have been very important factors in their growth. Market dominance by big platforms has led … to competition concerns that are difficult to assess with current merger policy tools. In this paper, we examine the … discuss the main merger and acquisition theories of harm that can restrict market competition and reduce consumer welfare. To …