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We study the incentives for a diagonal merger between two Internet Service Providers, one a wireless retail only ISP in … the other. The merger's effects depend on differentiation in access modalities; only with high differentiation does the … merger have positive welfare effects. We focus on post-merger foreclosure, which, when it happens, only takes place in the …
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would identify significant offsetting harms to “free” Internet services like that offered by Facebook and Google. The paper … agencies and courts calibrate empirical measures of prospective costs and benefits to consumers from a proposed merger by …
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information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …
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information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under …
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We study welfare effects of horizontal mergers under a successive oligopoly model and find that downstream mergers can increase welfare if they reduce input prices. The lower input price shifts some input production from cost- inefficient upstream firms to cost-efficient ones. Also, the lower...
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