Concentration-based screens for horizontal mergers, such as those employed in the US DOJ and FTC Horizontal Merger … Guidelines, play a central role in merger analysis. However, the basis for these screens, in both form and level, remains unclear …

We introduce knowledge spillovers in a model of innovation competition a la Federico et al. (2017) and Denicolo and … knowledge spillovers, competition discourages investment in R&D due to free-riding, and by internalizing such externalities, a … merger can improve the incentives for innovation. Horizontal mergers raise (reduce) innovation if the spillover effect is …

partially the impact of the merger on downstream prices. Post-merger, the supplier reduces the per-unit price at which it … supplies the merged downstream firms, with the aim of maintaining total industry profitability. We modify the standard upward … pricing pressure (UPP) formula to account for the supplier's response to a horizontal merger in the downstream market while …

conduct merger simulations and why there are important antitrust issues related to integrating merging parties’ pricing … effects in a merger context.- Remedies. Why data compatibility and collusion risk are important considerations when “divesting …

The legality of a horizontal merger under section 7 of the Clayton Act turns on a reckoning of its social costs and … learning and merger law and policy …