. We apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market …We examine how a downstream merger affects input prices and, in turn, the profitability of a such a merger under … unions organising workers. If the input suppliers are plant-specific, we find that a merger is more profitable than in a …

than under a cross-border merger outcome. -- Unionization ; International Oligopoly ; Endogenous Mergers ; Countervailing …We re-examine the common wisdom that cross-border mergers are the most effective merger strategy for firms facing … powerful unions. In contrast, we obtain a domestic merger outcome whenever firms are sufficiently heterogeneous (in terms of …

We study welfare effects of horizontal mergers under a successive oligopoly model and find that downstream mergers can …

compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …

arbitrage. Furthermore, a merger can lead to an equilibrium in which only the "high-demand" market is served. This is more … likely (i) the lower consumers' transportation costs and (ii) the higher the concentration of the industry. Therefore, merger … incentives are much larger than standard analysis suggests. -- Imperfect market segmentation ; oligopoly ; price discrimination …

We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the antitrust agency … induces strictly price-decreasing mergers. -- Remedies ; Divestiture ; Merger Control ; Oligopoly ; Synergies …

mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable … mergers and economic theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action …

.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …

evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per … firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions …