media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine …

bundled discounts evaluated in the case. However, economic theory suggests that the court may have used a flawed standard, and … should have instead focused on the fact that changes to the bundled rebate programs served to increase rather than decrease …

develop a novel framework for directly evaluating the strategic foreclosure effect and the efficiency benefits associated with … vertical integration. Applying this framework, we find significant evidence for both vertical foreclosure and efficiency … benefits. The foreclosure effect dominates the efficiency benefits for more than half of the refining firms in the sample …