We study the merger paradox, a relative of Harsanyi's bargaining paradox, in an experiment. We examine bilateral …

A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive …, which firms are part of it. The second aim of the experiment is to study the coordinated effects of a merger when partial … after a merger. Our findings suggest that merger analysis that is based on the assumption that only full cartels forms …

Voters dealing with jurisdictional merger decisions face a trade-off between economies of scale and preference costs … treatments on merger support are lower for respondents from states that are actually discussed as merger candidates. Effects are …