's ability to rationalize production is even more limited if costs are private information to firms. Merger in such markets …

to lead to an underestimate of market power in structural merger analysis. …

's stand-alone value and a component of the synergies that would be realized by the merger involving his firm. We characterize …, hence transfers can be made contingent on the new information accruing after the merger. Second, we study the case of … identify necessary and sufficient conditions for the implementability of efficient merger rules. In the second case, we show …

Foreign direct investment - the major driving force of globalization - is increasingly dominated by merger and …

In view of the uncertainty over the ability of merging firms to achieve efficiency gains, we model the post-merger … equilibrium, a bilateral merger is profitable provided that non-merged firms sufficiently believe that the merger will generate … large enough efficiency gains, even if ex post none actually materialize. The effects of the merger on market performance …

is that efficiency gains, and their pass-on to consumers, may vary substantially from merger to merger. For this reason … it seems appropriate to reconsider current practice in European merger control, which does not allow the merging parties …

that operate partially on a joint tram network. Merger gains are then decomposed into individual technical efficiency …