Mergers and acquisitions shape industry competition. Effective merger remedies are important for market efficiency and …-phase, bifurcated merger control system. This system integrates ex-ante processes with more systematic and comprehensive ex … merger control in dynamic markets. …

This paper argues that it cannot be taken for granted that any merger that raises consumer surplus also increases … merger can raise consumer surplus while harming social welfare. Within this framework, we show that such an outcome depends … on two conditions: the merger is between small firms (i.e., relatively inefficient firms) and it reduces concentration …

/Modelo merger. The merger relaxes incentive compatibility constraints and increases the equilibrium supermarkup. Merger efficiencies …

overall cost efficiency of the merged firm. In this case, the merger often results in the multidivisional structure (the M … contraction and rationalization under complete integration. Such a merger enhances market competition. On the contrary, mergers …

would offset the incentive to increase price created by a merger. The formula depends only on pre-merger information on … slopes -- and thus allow calibration of parameterized demand and cost curves -- from pre-merger data. While the Cournot model … the assumption of interchangeability, in particular greater consistency with pre-merger data and greater scope for …

Merger value is frequently evaluated in single market contexts without considering possible gains stemming from firms … multimarket firms create incremental value. We establish a simple theoretical model that determines merger value in a multimarket … firm environment. The model enables us to derive merger values as being independent of post-merger market shares, but …

transition from an n to an n-1 player oligopoly after a merger. Competitors are identified via the European Commission's market … investigations and our methodology allows us to distinguish the externality due to the change in market structure from the merger … effect. We obtain results consistent with the predictions of standard oligopoly models: rivals expand their output and …

), there will be excessive entry into a Cournot oligopoly for a homogeneous commodity. However, input markets are often …