which information costs and regulations hold back merger activity. Our results suggest that banks operating in more …

The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear … demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many … recurring to cost savings of merger. Firms interact with each other, with customers, suppliers, their owners, and with …

to lead to an underestimate of market power in structural merger analysis. …

In several European merger cases competition authorities have demanded that the merging firm auctions off virtual …