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

It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue … that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert … merger announcement date. Further, we find that the stock reaction of rivals to merger events is not sensitive to merger …

to withhold merger gains that would have been passed to the downstream under perfect competition and prevents customers …

management and consolidation in the asset-management sector has led to more pronounced common ownership links at the beneficial …

Common ownership fundamentally upsets the well-settled merger enforcement ecosystem. Not only it challenges basic … principles informing merger policy such as the presumed profitability of mergers for the merging firms and the merger …-specificity of potential efficiencies but also it works against implementing tools and presumptions in merger practice such as …

segments close to the merger’s industry. These segments appear to have higher Tobin’s Q. Firms with greater R&D increases …