model, we simulate the consequences of counter-factual national merger regulation. The US beer price index would have been 4 …

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 …

creation since merger regulations are ex ante in nature. The present study is an attempt to understand how far the expected …

policy measures affect all firms, implications could be multifaceted for multinationals that base their international … international network of subsidiaries, and those that are located in trading partners with deep preferential trade agreements can …