We study the dynamics of market entry following mergers and acquisitions (Mamp;As), and the behavior of recent entrants in supplying output that might be withdrawn by the consolidating firms. The data, drawn from the banking industry, suggests that Mamp;As are associated with subsequent...

We study the dynamics of market entry following mergers and acquisitions (Mamp;As) using banking industry data. The findings suggest that Mamp;As are associated with significant subsequent increases in the probability of entry and may explain more than 20% of entry in metropolitan markets, and...

We investigate how banking market competition, informational opacity, and sensitivity to shocks have changed over the last three decades by examining the persistence of firm-level rents. We develop propagation mechanisms with testable implications to isolate the sources of persistence. Our...

We study the dynamics of market entry following mergers and acquisitions (M&As) using banking industry data. The findings suggest that M&As are associated with statistically and economically significant increases in the probability of entry. The data suggest that M&As affect the proportion of...