1995 and 2010. Applying fixed effects regression models we find that route exits due to liquidation lead to substantially … larger price increases than mergerrelated exits. Within the merger category, our analysis reveals significant price increases … on all affected routes immediately after the exit events. In the medium and long-run, however, realized merger …

directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state …

'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 …

Italy. The increasing competition induced by the ongoing process of liberalization in Europe has been affecting also these … the determinants of bank inefficiency 2) Mergers and acquisitions between mutual banks in Italy: an analysis of the … analysis and estimates higher efficiency for merged banks, a lower efficiency degree for pre-merger banks, and a significant …

quantitative evidence from a regression model, provides new insights into the first social-insurance merger wave in Germany. While …

with aggregate wage setting in Italy depending only on the rate of unemployment prevailing in the Northern and Central …

Verkaufsanstrengungen auf alle Produkte verteilen („Kollusion“) oder ob sie die Anzahl ihrer Produkte reduzieren („Fusion“). Wir zeigen, daß …, in denen Kooperation in Form von „Kollusion“ oder „Fusion“ für die kooperierenden Unternehmen profitabel ist. …

and welfare – improving even if costs are linear. The driving force behind these results, which help to reconcile theory … Unternehmen vor der Fusion. Wir zeigen in dieser Arbeit, dass horizontale Fusion von Unternehmen aus diesen Gründen profitabel für … die fusionierenden Unternehmen und wohlfahrtserhöhend wirken kann, selbst dann, wenn es durch die Fusion keinerlei …