, we evaluate the 2013 merger between Amer- ican Airlines and US Airways. Our results highlight that spillovers in entry … and post-merger network readjustments play an important role in shaping post-merger outcomes. …

In view of the uncertainty over the ability of merging firms to achieve efficiency gains, we model the post-merger … equilibrium, a bilateral merger is profitable provided that non-merged firms sufficiently believe that the merger will generate … large enough efficiency gains, even if ex post none actually materialize. The effects of the merger on market performance …

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 …

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 …

This article analyzes competition between two asymmetric networks, an incumbent and a new entrant. Networks compete in …