We propose a polynomial logit model to quantify the price effects of mergers in a static Nash setting. The proposed …-of-sample predictive accuracy of the widely-used AIDS model.The analysis, using actual scanner data on bread sales, demonstrates that a … linear logit model is likely to over-estimate the merger price effect. …

as a 'fix' to remedy the possible anticompetitive effects of horizontal mergers. Typically, antitrust agencies require …'. We focus on the effectiveness of a partial divestiture as an antitrust remedy (where a subset of products owned by the … merging firms is spun off). Although this is not the type of full divestiture favored by antitrust agencies, we argue here …

Turkish Banking Act exempts certain bank mergers from the Turkish merger control regime. With this legislation, a large … choice model of demand for loan services and run a series of simulations for hypothetical bank mergers. Our results witness … that welfare decreasing effects of the bank mergers covered by the exemption are very low and can be tolerated. …

mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal split of surplus. …

This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual … media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine … economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so …

This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … investigated mergers and whether a more effective merger control regime can be achieved within the current legal framework. …

. After reviewing event studies as a method to acquire empirical insights into the competitive effects of mergers, I propose a … market returns of likely competitors to 1,751 of the largest U.S. mergers since 1997. I document that likely competitors …