This paper analyzes the effects of a merger between a German supermarket chain and a soft discounter on consumer prices … indicate that both insiders and outsiders raised average prices after the merger, particularly in regions with high expected … by competition authorities were not sufficient to o set anti-competitive effects. …

This paper proposes and empirically implements a framework for analyzing industry competition and the degree of joint … profit maximization of merging firms in differentiated product industries. Using pre- and post-merger industry data, I am … Post-Nabisco merger. My results show an increasing degree of joint profit maximization of the merged entities over the …

finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather … is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the …

differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger …. We allow the merger responses to vary across firms, even after controlling for regressors, and apply a random …

Merger value is frequently evaluated in single market contexts without considering possible gains stemming from firms … multimarket firms create incremental value. We establish a simple theoretical model that determines merger value in a multimarket … firm environment. The model enables us to derive merger values as being independent of post-merger market shares, but …

This paper proposes and empirically implements a framework for analyzing industry competition and the degree of joint … profit maximization of merging firms in differentiated product industries. Using pre- and post-merger industry data, I am … Post-Nabisco merger. My results show an increasing degree of joint profit maximization of the merged entities over the …