merger incentives to influence entry decisions. Mergers can facilitate and deter entry. While horizontal mergers to deter … more bargaining power to the merged entity than a horizontal merger to monopoly. The model is applied to analyze strategic … potential entrant out of the market. I provide conditions for such entry-deterring vertical mergers to occur. -- Bargaining …

We study merger waves in vertically related industries where firms can engage in both vertical and horizontal mergers …. Even though any individual merger would have been profitable, firms may refrain from merging for fear of negative impacts … from other mergers. When they do merge, however, they always merge in waves, which is either vertical or horizontal …

GUPPI approach to scoring a vertical merger does not perform well as a guide to the likely price effects of the merger …We study the effects of a vertical merger in a setting with a single upstream supplier of a critical input and two … downstream customers announce their retail prices. We find that after the vertical merger, the merged firm will prefer to …

We extend the theory of bilateral vertical contracting to a double moral hazard setting where upstream and downstream … mergers mitigate bilateral contracting externalities and hold-up, which leads to an increase in complementary investments. If … downstream products are either sufficiently distant or sufficiently close substitutes, a vertical merger benefits the merging …

accompanied by an online vertical merger simulator designed to help economists and enforcers simulate vertical mergers, similar to …A vertical merger model represents a complex system built on (i) a network of e.g., upstream manufacturers and … downstream retailers (iv) facing a consumer demand surface. We simulate the effects of vertical mergers in six different …

Moresi and Salop (2013) have extended the “upward pricing pressure” approach used in analyzing horizontal mergers to … the analysis of vertical mergers. They present test expressions called the vGUPPIu and vGUPPId to see if the upstream and … downstream prices will rise as a result of the merger. This approach has gained acceptance.In this paper we present the results …

the literature on the highly debated Fisher Body/General Motors merger and suggest an explanation based on GM’s need to …

firm cannot make the price commitment. In this paper, we re-examine the foreclosure theory of vertical integration by …) vertical integration does arise in equilibrium without triggering counter-merger by the unintegrated firms or causing hold …