larger price increases than mergerrelated exits. Within the merger category, our analysis reveals significant price increases … on all affected routes immediately after the exit events. In the medium and long-run, however, realized merger … ; exit ; liquidation ; merger ; efficiencies ; entry-inducing effects …

routes in which both airlines competed either on a non-stop or one-stop basis prior to the merger, substantial average price … classification of affected routes, we apply a difference-indifferences approach to exemplarily investigate the price effects of the … America West Airlines - US Airways merger completed in 2005. We find that although average prices increased substantially on …

The paper studies the effects of the Pfizer and Pharmacia (2003) merger on competition in the Swiss pharmaceutical … market and compares the assessment of the Swiss Competition Commission (COMCO) with the post-merger market developments. We … find that the merger has had a miniscule impact on the Swiss pharmaceutical market. This has primarily to do with the fact …

prices and price/earnings ratios. We use a natural way to discriminate between pure stock market influences on firm decisions … and other influences by examining merger patterns for both listed and unlisted firms. If "real" changes in the economy … drive merger waves, as some neoclassical theories of mergers predict, both listed and unlisted firms should experience waves …

In the context of increasing globalization of markets, merger and acquisition activities in the 1990s are said to be …

the high-frequency EUA price dynamics are very well captured by a fractionally integrated asymmetric power GARCH process … economic development as well as the current economic activity. -- EU ETS ; EUA ; Announcement Effects ; Price Formation ; Long …

abundance of hard coal and the price of hard coal are the two variables of our major interest. We assume that countries with an … coal abundance or the accessibility of hard coal, respectively, the hard coal price, the level of foreign direct investment …

cement producers to study the value of such transaction data for an estimation of cartel damages. In particular, we … an application of before-and-after approaches to estimate the price overcharge can benefit from such rich data sets. We …

We use publicly available price data from the German cement industry to estimate the cartelinduced price increase. We …-cartel period on the overcharge estimate. We find that the cement cartel led to price overcharges in a range from 20.3 to 26 …