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 …

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 …

required level of merger-specific cost reduction is larger if the fraction of multi-homing consumers is larger. These results …

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of … non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we …

uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms' decisions …