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as a whole. For a national merger, the policies enacted by a national merger authority tend to be overly restrictive from … derive the properties of the endogenous merger equilibrium. …
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merger profitability and collusion are provided. Throughout, we illustrate and extend the theoretical results using Monte …
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Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the … and welfare-improving even if costs are linear. The driving force behind these results, which help to reconcile theory …
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