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 …

Recent merger decisions by competition authorities have revived the debate on the relationship between competition and … competition assessment of the impact of a merger on dynamic competition, including its effects on innovation …

This paper aims at investigating the impacts of introducing cost asymmetry in horizontal merger analysis. In the … absence of efficiency gains, previous literature states the negative competitive effects of a merger between symmetric firms … those of the merged entity, leading to higher total investments post-merger. Similarly, consumer surplus could be improved …