This paper analyzes the effects of mergers around the world over the past 15 years. We utilize a large panel of data on … mergers to test several hypotheses about mergers. The effects of the mergers are examined by comparing the performance of the … that mergers on average do result in significant increases in profits, but reduce the sales of the merging firms …

This paper analyzes the effects of mergers around the world over the past 15 years. We utilize a large panel of data on … mergers to test several hypotheses about mergers. The effects of the mergers are examined by comparing the performance of the … that mergers on average do result in significant increases in profits, but reduce the sales of the merging firms …

We show that for a spatially differentiated economy reduced product variety is the likely outcome of mergers except in …

We use a sample of 167 mergers during the period 1990-2002 involving 544 firms either as merging firms or competitors …. We contrast a measure of the merger’s profitability based on event studies with one based on accounting data. We find …

use a novel database that identifies over 20,000 product/geographic antitrust markets affected by over2,000 mergers …

use a novel database that identifies over 20,000 product/geographic antitrust markets affected by over 2,000 mergers …

Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally …. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies … that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the …

Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally …. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies … that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the …

merging and rival firms’ stocks to quantify the profitability effects of mergers and merger control decisions. We back up … to anticompetitive mergers during the first investigation phase. Yet, they are on the whole ineffective or even … a rent transfer from merging firms to rivals when mistakenly applied to pro-competitive mergers. …

We use a sample of 167 mergers during the period 1990-2002 involving 544 firms either as merging firms or competitors …. We contrast a measure of the merger’s profitability based on event studies with one based on accounting data. We find …