merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private … information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from … market induces a more lenient merger policy. The regulated firms' diversification into a competitive segment of the market …

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … and decreases wholesale prices when downstream competition is not too strong. Examining whether the merger’s potential …

This Essay provides an overview of U.S. antitrust merger practice in addressing efficiencies both in terms of actual … Merging in the Shadow of the Law: The Case for Consistent Judicial Efficiency Analysis. Moffitt's analysis could have … practitioners play during the merger process in shaping whether or not the agencies will litigate a case, or the types of issues …

theoretical analysis of the merger's price effect based on the amount of cost savings it generates, the behavior of outsider … platforms, and the size of cross-group network effects. We point out differences as compared with the standard, one-sided merger … analysis, and also discuss the merger control policy implications …

A common practice in merger screening is to estimate and consider market shares and concentration. However, as stated … in the United States Department of Justice (“DOJ”) and Federal Trade Commission (“FTC”) Horizontal Merger Guidelines … merger.” For example, standard measures of market concentration do not account for cost efficiencies that may occur as the …

-competitive effects that may result from mergers and acquisitions. In order to appropriately consider efficiency claims in the merger … efficiency gains in merger analysis …. Consequently, many antitrust agencies take into account the balancing effects of efficiency gains compared to anti …

basis of efficiencies. The "second order importance" of the efficiency argument in merger analysis is based on varied …, which seek to block an anticompetitive merger in litigation, tend to place less weight on the efficiency argument because …Efficiencies have yet not played a prominent role in American merger enforcement policy, although the federal antitrust …