merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private … information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from … market induces a more lenient merger policy. The regulated firms' diversification into a competitive segment of the market …

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … and decreases wholesale prices when downstream competition is not too strong. Examining whether the merger’s potential …

This Essay provides an overview of U.S. antitrust merger practice in addressing efficiencies both in terms of actual … Merging in the Shadow of the Law: The Case for Consistent Judicial Efficiency Analysis. Moffitt's analysis could have … practitioners play during the merger process in shaping whether or not the agencies will litigate a case, or the types of issues …

theoretical analysis of the merger's price effect based on the amount of cost savings it generates, the behavior of outsider … platforms, and the size of cross-group network effects. We point out differences as compared with the standard, one-sided merger … analysis, and also discuss the merger control policy implications …

A common practice in merger screening is to estimate and consider market shares and concentration. However, as stated … in the United States Department of Justice (“DOJ”) and Federal Trade Commission (“FTC”) Horizontal Merger Guidelines … merger.” For example, standard measures of market concentration do not account for cost efficiencies that may occur as the …