Delay due to multiple merger reviews in regulated industries is analysed empirically. Tests on a sample of over 500 mergers between 1990 and 1998 reveal that delay is 80% longer in regulated industries than unregulated industries

In this paper, we offer a hybrid approach to merger simulation in which we allow rather extensive pre-testing to suggest the ‘correct', or most desirable, form for the underlying demand curves. Our application is the merger between the large mobile telephone companies Cingular and AT&T...

We explore the question of whether wireless industry mergers invariably reduce sector employment and find the answer is "no." We reach this conclusion by looking at four years of data on employment trends surrounding the largest wireless merger to date - the AT&T-Cingular merger in 2004, and two...

Antitrust policy and mergers provide a steady source of material for economic analysis, both theoretical and empirical. This is no surprise; in few other areas are the problems so obviously economic, so practical, and of such substantial policy significance. Seminal articles in economics such as...

I conduct an event study on the proposed $26.5 billion merger between Sprint and T-Mobile. Positive and statistically significant stock price effects are observed for the merging firms in response to credible rumors of the transaction, but large and negative returns are observed after the...

Using data on the prices paid by multichannel video programing distributors (“MVPDs”) for basic cable networks, I conduct a retrospective analysis of the price effects of the Comcast-NBCU merger. Estimates from both the difference-in-differences and lagged-dependent variable models indicate...