long run price-increasing effect of a 4-to-3 merger. …

America West Airlines - US Airways merger completed in 2005. We find that although average prices increased substantially on … routes in which both airlines competed either on a non-stop or one-stop basis prior to the merger, substantial average price … reductions observed for routes without any premerger overlap suggest that the merger led to a net increase in consumer welfare. …

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under …

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under which …

of horizontal and vertical merger & acquisition, but not for the conglomeration. If the conglomerate's shares are small …