-based synergies in horizontal merger activity. We propose a schematic to classify mergers that yields more information on merger types … and merger effects, and that can, moreover, distinguish between mergers characterized largely by collusion-based synergies … and mergers characterized largely by effi-ciency-based synergies. Crucial to the proposed measurement procedure is that it …

horizontal merger activity. We propose a theoretically-backed methodological approach to classify mergers that yields more … information on merger types and merger effects, and that can, moreover, distinguish between mergers characterized largely by … collusion-based synergies and mergers characterized largely by efficiency-based synergies. Crucial to the proposed measurement …

that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert …It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue … merger announcement date. Further, we find that the stock reaction of rivals to merger events is not sensitive to merger …

A proposal for moving from price-centric to innovation-centric competition policy, reviewing theory and evidence on … than innovation. Economic theory shows the ways that price competition benefits consumers; and courts, antitrust agencies … theory and available empirical evidence on the relationships among market structure, firm behavior, and the production of new …