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media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine …, we address three research questions: (i) Is the current development of analyzing industry with its recent merger activity … merger control in this industry, as well as a more active abuse control against already vertically-integrated media companies. …
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We study welfare effects of horizontal mergers under a successive oligopoly model and find that downstream mergers can increase welfare if they reduce input prices. The lower input price shifts some input production from cost- inefficient upstream firms to cost-efficient ones. Also, the lower...
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either merge with a similar component producer (horizontal merger) or a complementary one (vertical merger) of a composite …, higher marginal cost savings are required for a horizontal merger in a composite industry not to result in a price increase …
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We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … and decreases wholesale prices when downstream competition is not too strong. Examining whether the merger’s potential …
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