This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product … extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …

Merger value is frequently evaluated in single market contexts without considering possible gains stemming from firms … multimarket firms create incremental value. We establish a simple theoretical model that determines merger value in a multimarket … firm environment. The model enables us to derive merger values as being independent of post-merger market shares, but …

-competitive consequences of the merger as well as the related phenomenon of common ownership in the ride-hailing sector. Since the publication … of the post, the Uber-Grab merger has been approved, and similar transactions (eg between Uber and Careem) have taken … place. In addition, the Competition Commission of India has investigated the common ownership of Uber and its local …

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 …