horizontal merger activity. We propose a theoretically-backed methodological approach to classify mergers that yields more … information on merger types and merger effects, and that can, moreover, distinguish between mergers characterized largely by … approach is that it encompasses the impact of merger events not only on merging firms (custom in the literature), but also on …

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 … ; exit ; liquidation ; merger ; efficiencies ; entry-inducing effects …

-based synergies in horizontal merger activity. We propose a schematic to classify mergers that yields more information on merger types … and merger effects, and that can, moreover, distinguish between mergers characterized largely by collusion-based synergies … encompasses the impact of merger events not only on merging firms - as is custom - but also on non-merging competitor firms (the …