outsiders. With PD, in most cases, the merger generates efficiency gains when spillovers and/or PD are sufficiently high. With …This article analyzes endogenous efficiency gains from mergers. It considers oligopolistic homogeneous good markets and … homogeneous good markets, all possible mergers generate efficiency gains, and that these are most significant when R&D spillovers …

that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax. …