This paper proposes and empirically implements a framework for analyzing industry competition and the degree of joint … profit maximization of merging firms in differentiated product industries. Using pre- and post-merger industry data, I am … Post-Nabisco merger. My results show an increasing degree of joint profit maximization of the merged entities over the …

This paper analyses the relation between competition and concentration in a monopolistic competition model where banks … Italy and France using a maximum likelihood approach to derive a measure of the degree of competition in each local market …. We propose an empirical test to evaluate ex-ante the impact of horizontal mergers on this measure. Depending on the pre-merger …