policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

tacit collusion is most likely. We construct a database relating to 62 candidate mergers and find that, in the eyes of the … Commission, tacit collusion in this context virtually never involves more than two firms and requires close symmetry in the …

This paper explores the use of collusion theories in merger analysis at the Federal Trade Commission. The 1992 Merger … Guidelines focuses on unilateral effect, relegating collusion analysis to a second tier theory. Both structural and behavioral … found to increase the likelihood of a collusion finding. Standard structural concerns are readily identified, while …

This paper develops a model that formalizes several connections between mergers, collusion and competition policy. In … equilibrium, firms may merge to make collusion sustainable when it cannot be sustained with the original set of firms. A rise in … the probability of detecting and prosecuting collusion could induce a wave of mergers, so firms can sustain collusion …

strategic merger, agency cost, and collusion in a multimarket exit game.Cross-market spillovers with endogenous duration and the … declining markets. Under certain conditions, multimarket contact might facilitate collusion in a multimarket exit game where …

four separate organization setups (Full Competition, Semi-collusion in Production, Semi-collusion in R&D and Full Collusion … possible that firms in the Full Collusion regime produce most and generate the highest level of social welfare. …