always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante … there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide … exact amount of cost efficiency/inefficiency that will result from the merger. Nevertheless, the key element of the model is …

when taking merger decisions. In practice, firms and competition authorities cannot know exact future efficiency gains …, prior to merger consummation. This paper analyzes horizontal mergers when the output decision-making process is sequential …. A key assumption is that mergers create uncertainty on productivity and informational asymmetry between firms. The paper …

always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante … there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide … exact amount of cost efficiency/inefficiency that will result from the merger. Nevertheless, the key element of the model is …

always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante … there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide … exact amount of cost efficiency/inefficiency that will result from the merger. Nevertheless, the key element of the model is …

when taking merger decisions. In practice, firms and competition authorities cannot know exact future efficiency gains …, prior to merger consummation. This paper analyzes horizontal mergers when the output decision-making process is sequential …. A key assumption is that mergers create uncertainty on productivity and informational asymmetry between firms. The paper …

We describe a simple initial indicator of whether a proposed merger between rivals in a differentiated product industry … from the merger, based on the price/cost margins of the merging firms' products and the extent of direct substitution …

, merger laws and enforcement practices, econometric methods for analyzing prospective horizontal mergers, and evidence …