This paper empirically evaluates the price effects of the merger of two major book retail chains in the UK: Waterstone … information on a sample of 200 books sold in 60 stores in 50 different local markets for a period of four years around the merger … prices, we undertake an ex-post assessment of the impact of the merger at both levels. At the local level, we compare the …

This paper empirically evaluates the price effects of the merger of two major book retail chains in the UK: Waterstone … information on a sample of 200 books sold in 60 stores in 50 different local markets for a period of four years around the merger … prices, we undertake an ex-post assessment of the impact of the merger at both levels. At the local level, we compare the …

-based synergies in horizontal merger activity. We propose a schematic to classify mergers that yields more information on merger types … and merger effects, and that can, moreover, distinguish between mergers characterized largely by collusion-based synergies … encompasses the impact of merger events not only on merging firms - as is custom - but also on non-merging competitor firms (the …