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This paper analyses the profitability of horizontal mergers in a Stackelberg model and their impact on welfare when there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide their production strategy knowing the actual value of...
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Some path-breaking work on mergers takes efficiency gains for granted, or assumes that firms have perfect knowledge when taking merger decisions. In practice, firms and competition authorities cannot know exact future efficiency gains, prior to merger consummation. This paper analyzes horizontal...
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Based on a dataset of manufacturing sectors from five major European economies (France, Germany, Italy, Spain and the … between 2000 and 2013, in terms of merger control and anti-cartel enforcement. Tobacco, Paper and paper products … the Commission. There has been a greater incidence of anti-cartel action in Chemicals, Tobacco, Beverages, Electric …
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