It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue … that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert … merger announcement date. Further, we find that the stock reaction of rivals to merger events is not sensitive to merger …

We study the effect of a merger between two Dutch supermarket chains to assess its effect on the depth as well as … composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger's effects …, controlling for selection on observables through a matching procedure when defining our control group. We show that the merger led …

Structure on Cournot-Nash Equilibrium, 1983) about merger profitability are sensitive to the assumption of pre-merger Cournot …

This chapter first reviews the economic theory underlying the unilateral competitive effects of mergers, focusing on …

attempted purchase of Time Warner Cable by Comcast in 2014. My results suggest that the proposed merger would have resulted in …, leading to a net increase in consumer welfare. Lastly, I find that overlooking quality provisioning while evaluating merger …