We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the … a horizontal merger that has been ignored in the existing literature. In contrast to the usual belief, we also show that … a horizontal merger may benefit the consumers and the society. …

such a rule would cause a considerable amount of false positives. -- oligopoly theory ; horizontal merger policy … mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable …

refer to hollowing-out as the situation where the target firm is shut down following a merger with a domestic or foreign … when a cross-border merger with hollowing out is not profitable but it is socially desirable. -- Economic models …

arbitrage. Furthermore, a merger can lead to an equilibrium in which only the "high-demand" market is served. This is more … likely (i) the lower consumers' transportation costs and (ii) the higher the concentration of the industry. Therefore, merger …

We re-examine the common wisdom that cross-border mergers are the most effective merger strategy for firms facing … powerful unions. In contrast, we obtain a domestic merger outcome whenever firms are sufficiently heterogeneous (in terms of … productive efficiency and product differentiation). A domestic merger unfolds a "wage-unifying" effect which limits the union …

, specifically with regards to horizontal mergers. Studying mergers that span several markets, we show that a myopic merger policy … may thwart a surplus-increasing merger wave. The analysis does not rely on any tacit or explicit collusive behavior by the …

contrast to horizontal merger, there is a probability that an RJV contract will fail to enforce R&D sharing. We find, first …, that a horizontal agreement always arises. The insiders’ merger/RJV choice involves a trade-off. While merger offers … greater R&D complementarity favours merger. Interestingly, the insiders may choose to merge even when RJV contracts are always …

to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the … current EU merger control regime) invites sneaky takeovers: Acquiring firms strategically use PPOs prior to a full merger …

We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy … environment. Merger changes the strategic trade policy equlilibrium. We show that merger can be profitable and welfare enhancing …. incentives to give subsidies to their local firms. National merger induces more strategic trade policy, whereas international …