We examine how a downstream merger affects input prices and, in turn, the profitability of a such a merger under … unions organising workers. If the input suppliers are plant-specific, we find that a merger is more profitable than in a … take part in a merger than being an outsider. For firm-specific input suppliers, on the other hand, results are reversed …

merger by either reducing or increasing both price and quality. Welfare implications are not clear-cut and mergers might …

merger by either reducing or increasing both price and quality. Welfare implications are not clear-cut and mergers might …

We study the effects of a hospital merger using a spatial competition framework with semialtruistic hospitals that … (complements). A merger leads to higher average treatment cost efficiency and, if qualities are strategic substitutes, might also … increase average quality in the market. If a merger leads to hospital closure, the resulting effect on quality is positive …

Using a spatial competition framework with three ex ante identical firms, we study the effects of a horizontal merger … and prices. Overall, a merger leads to higher average prices and quality in the market. The welfare implications of a … merger are not clear-cut. If the demand responsiveness to quality is sufficiently high, some consumers benefit from the …