relative to what is socially optimal. Moreover, prohibiting acquisitions may increase or decrease consumer surplus. The more …, the more likely is that consumers benefit (suffer) following an acquisition. These results are robust to acquisitions …

effect of mergers on innovation and future price competition; and reviews the empirical literature on competition, mergers …

This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual … media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine … economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so …