quantify the domestic and cross-border effects of mergers, and to draw conclusions for the coordination of national merger … industries a merger approval policy based on domestic consumer surplus is too restrictive from the viewpoint of the neighboring … country. We also show that adopting a supra-national policy that approves a merger if and only if it increases the sum of …

We analyze the optimal policy of an antitrust authority towards horizontal mergers when merger proposals are endogenous … seeks to maximize expected consumer surplus involves discriminating between mergers based on a naive computation of the post-merger … Herfindahl index (over and above the apparent effect of the proposed merger on consumer surplus). We show that the antitrust …

We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can … the period the merger is proposed. We also find that the abil- ity to commit can lead to a significant welfare improvement …

We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can … the period the merger is proposed. We also find that the ability to commit can lead to a significant welfare improvement …

. Third, capabilities are traded in a merger market. We address two questions: (1) what are the characteristics of firms that …

. Third, capabilities are traded in a merger market. We address two questions: (1) what are the characteristics of firms that …