to be an important consideration, both in enforcing Italy's antitrust laws and in ensuring that the procedures for …

We provide a possible explanation for the empirical puzzle that mergers often reduce profits, but raise share prices … derived in an endogenous-merger model, predicting the conditions under which mergers occur, when they occur, and how the …

the basis of economic theory and evidence. I first discuss how the economics of antitrust has developed over the years …, with the intention of characterizing the intellectual inheritance of 1990s’ antitrust regulators. Within this context, I … economic science. On the basis of these arguments, antitrust regulators should pause and reconsider the theoretical and …

mergers reduce the wasteful duplication of R&D expenditures. However, merger policy should become more strict in (very …

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 …