exact amount of cost efficiency/inefficiency that will result from the merger. Nevertheless, the key element of the model is … always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante … merger between leaders always enhances welfare if participants have incentives to merge, such that private and collective …

This paper empirically evaluates the effects of a merger between the two largest book retail chains in the UK. We build … difference-in-differences techniques to assess the impact of the merger. A key feature of the books market is that titles become … obsolete very quickly. Therefore, we compare different titles before and after the merger in an hedonic approach. Since retail …

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 … of "Merger Approval", the paper emphasizes the timing of regulatory intervention and distinguishes two different merger …

assessment of anticompetitive innovation effects in merger review. By focusing on the applied U.S. Antitrust, it turns out that …