This paper considers the private and public incentives for firms to merge in the face of foreign entry. We set up a standard linear Cournot model of competition within a country and consider the gains to two merging firms and to national welfare in a series of scenarios: homogeneous and...

We consider private and public incentives for domestic firms to merge in the face of foreign entry. We consider the gains to two merging firms and to national welfare in a linear Cournot model. With heterogeneous firms and possible synergies, greater foreign entry tends to enhance both private...

We present a model of the market for news with rational consumers and profit-maximizing media outlets in which media bias arises endogenously in equilibrium. Our model relaxes assumptions commonly made in the literature that restrict the number of signals a media outlet can communicate to their...