mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal split of surplus. …

We explain the empirical puzzle why mergers reduce profits and raise share prices. If being an “insider” is better than … mergers occur, when they occur, and how the surplus is shared. …

the insiders' dilemma, i.e. profitable mergers do not occur. This strategy may thus be more profitable for a buyer than …

Theoretically, cross ownership may mitigate mergers, i.e. market concentrations. Holding a share in a competing firm …

We provide a possible explanation for the empirical puzzle that mergers often reduce profits, but raise share prices … derived in an endogenous-merger model, predicting the conditions under which mergers occur, when they occur, and how the …

antitrust policy toward horizontal mergers, the area of antitrust that has seen some of the most dramatic improvements in both …, merger laws and enforcement practices, econometric methods for analyzing prospective horizontal mergers, and evidence … concerning the ex post effects of actual horizontal mergers. …

The aim of this chapter is to survey the media economics literature on mergers. In particular, we try to accentuate … where the effects of mergers differ between conventional one-sided markets and two-sided media markets (though not all media … mergers are within two-sided markets). We focus on price effects in the first part of the chapter, and in the second part we …