firms have merger incentives, and, if so, whether such mergers are desirable from the viewpoint of social welfare. We also …

mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal split of surplus. …

This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual … media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine … economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so …

We set up a model to analyze the effects of mergers between sellers of complementary components where firms invest in …

We present a model with firms selling (homogeneous) products in two imperfectly segmented markets (a high-demand and a …

We explain the empirical puzzle why mergers reduce profits and raise share prices. If being an “insider” is better than … mergers occur, when they occur, and how the surplus is shared. …

deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks … will be mergers between savings and commercial banks. …

stable industry structures for which no further mergers would be profitable. …

the insiders' dilemma, i.e. profitable mergers do not occur. This strategy may thus be more profitable for a buyer than …