&D and consumer welfare in the long run, which is in contrast to arguments provided by antitrust agencies in recent merger … cases. We provide conditions for when a merger increases industry innovation and when evaluating mergers based on static … price effects is aligned with a fully dynamic merger evaluation. These conditions are based on properties of the product …

-border deals was market players’ response. Measuring of post-merger performance alterations is a central question of M&A literature …

creation since merger regulations are ex ante in nature. The present study is an attempt to understand how far the expected …

that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis …

should note and evaluate the following point when revising its merger policy: Deregulation should be supplemented by strict … throughout the U.S., and make recommendations concerning the FERC's NOI on merger criteria and policy. M&A can be a result of … economic efficiency, defensive motives, diversification, growth and personal aggrandizement, market power, and deregulation and …