effect of mergers on innovation and future price competition; and reviews the empirical literature on competition, mergers …

applies a consumer surplus standard. We derive conditions such that otherwise price-increasing mergers become externality …-free by the use of remedial divestitures. In this case, the consumer surplus standard ensures that mergers are only …

applies a consumer surplus standard. We derive conditions such that otherwise price-increasing mergers become externality …-free by the use of remedial divestitures. In this case, the consumer surplus standard ensures that mergers are only …