differential game approach and both the open-loop as well as the closed-loop equlibria are considered. We show that the merger …

, announced their agreement to merge. Seven months later, the Federal Trade Commission voted 4 to 1 to oppose the merger on the … and granted a preliminary injunction, effectively dooming the merger.Staples broke new ground in terms of both the … economic theory and the type of evidence presented at trial in an antitrust case. The antitrust enforcement agencies had …

Using a spatial competition framework with three ex ante identical firms, we study the effects of a horizontal merger … and prices. Overall, a merger leads to higher average prices and quality in the market. The welfare implications of a … merger are not clear-cut. If the demand responsiveness to quality is sufficiently high, some consumers benefit from the …

merger by either reducing or increasing both price and quality. Welfare implications are not clear-cut and mergers might …

pressure from binding capacity constraints, in addition to standard merger effects. We show that the pricing pressure terms … underlying ccGUPPI, calculated using pre-merger data, are sufficient to determine whether a merger of capacity-constrained firms … ccGUPPI is generally a useful proxy for actual price effects, with lower informational requirements than full merger …