actually reduce consumer surplus which opposes the use of an efficiency defense in merger control. …

This paper analyses the profitability of horizontal mergers in a Stackelberg model and their impact on welfare when … exact amount of cost efficiency/inefficiency that will result from the merger. Nevertheless, the key element of the model is … always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante …

, welchen Einfluss die räumliche Dimension auf eine Fusion ausübt. Dabei wird ein Grundmodell entwickelt und über dieses hinaus … räumlichem Wettbewerb zu erlangen. …

when taking merger decisions. In practice, firms and competition authorities cannot know exact future efficiency gains …, prior to merger consummation. This paper analyzes horizontal mergers when the output decision-making process is sequential … of "Merger Approval", the paper emphasizes the timing of regulatory intervention and distinguishes two different merger …

a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a … manufacturers merger, although it leads to an increase in the wholesale prices, it can enhance product variety. The merger generated … products to consumers, a merger never results into more product variety. Still, both in the presence and in the absence of …