We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the Antitrust Agency (AA …) cannot observe a proposed merger's efficiency type. Provided the AA follows a consumer surplus standard, an efficient merger …

We analyze the welfare effects of structural remedies on merger activity in a Cournot oligopoly if the antitrust agency …

acquirer firm to learn the merger synergies with the target firm in advance. The realization of a synergy is uncertain ex ante …, so that a direct merger exhibits a downside risk not only for the merging candidates but also for consumers. We show that … initial minority share, becomes an insider, and learns the merger synergy. We show how this feature of PPOs affects a firm …

which lead to two opposing effects on upstream merger incentives: rst a standard double mark-up problem and second a … bargaining e¤ect. The former creates merger incentives while the later induces suppliers to bargain separately. When buyer power …

We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the antitrust agency … induces strictly price-decreasing mergers. Finally, under incomplete information an effcient merger type is to be doomed to …