different markets. We focus on the interaction between the merger's effects on downstream efficiency and on buyer power in a … the downstream efficiency of the merging parties. When the upstream cost function is convex, we find that there are … "waterbed effects", that is, each small retailer pays a higher average tariff if a buyer merger improves downstream efficiency …

different markets. We focus on the interaction between the merger's effects on downstream efficiency and on buyer power in a … the downstream efficiency of the merging parties. When the upstream cost function is convex, we find that there are … "waterbed effects," that is, each small retailer pays a higher average tariff if a buyer merger improves downstream efficiency …

less efficient banks. This result is in line with the efficiency hypothesis. -- Cross-border bank acquisitions ; latent …

the efficiency of banks? Third, what are the risk effects of international bank mergers? We begin with a brief summary of …

The question of whether or not mergers and acquisitions have helped to enhance banks’ efficiency and profitability has … and cost efficiency. We suggest a new matching strategy to control for the selection effects arising from the fact that … positive effect on cost efficiency. Comparing our results with those obtained from a naive performance comparison of merging …