Throughout history, vertical merger waves have played a crucial role in shaping industries and market structures … merger waves increase market power and enable the exclusion of non-integrated downstream competitors. On the other hand … narrative and supports the idea that downstream exclusion is the main out- come of such merger waves. Nevertheless, we contend …

dollar abnormal return relative to targets when the antitrust concern entails collusive effects or elimination of potential …

We analyze a large merger in the Dutch banking market during the financial crisis using disaggregated data. Based on a … merger simulation model, we evaluate merger-induced changes in the interest rates for savings accounts. We find that the …

aggregate variety increases following a merger. However, with fixed cost synergies, an increase in aggregate variety can … indicate that the merger is beneficial. Our results also show high synergies do not necessarily improve consumer welfare. …

a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a … manufacturers merger, although it leads to an increase in the wholesale prices, it can enhance product variety. The merger generated … products to consumers, a merger never results into more product variety. Still, both in the presence and in the absence of …