This paper empirically evaluates the effects of a merger between the two largest book retail chains in the UK. We build … difference-in-differences techniques to assess the impact of the merger. A key feature of the books market is that titles become … obsolete very quickly. Therefore, we compare different titles before and after the merger in an hedonic approach. Since retail …

Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be … profitable. The profitability depends on the post-merger contest st ructure, the discriminatory power of the contest and on the …