approximation for the market power effect of a merger. We also provide conditions under which a merger raises consumer surplus, and … conditions under which a myopic, consumer-surplus-based merger approval policy is dynamically optimal. Finally, we study the … aggregate surplus and external effects of a merger …

approximation for the market power effect of a merger. We also provide conditions under which a merger raises consumer surplus, and … conditions under which a myopic, consumer-surplus-based merger approval policy is dynamically optimal. Finally, we study the … aggregate surplus and external effects of a merger …

differential game approach and both the open-loop as well as the closed-loop equlibria are considered. We show that the merger …

analyse the feasibility of horizontal mergers, and compare the result generated by the dynamic setup with the merger incentive …