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 …

less than in an alternative where the merger is undertaken by a product market rival. This paper presents a model based on … synergies, market power and competition for merger targets. Consistent with the model the empirical results obtained here show a … strong correlation between the returns of acquiring firms and close rivals around merger events …

Standard discrete choice demand models assume that products are substitutes. Merger analysesbased on these models may … between these product groups. We show that a merger between PepsiCo/Frito-Lay and Dr. Pepper would increase soda prices by 30 …% less than suggested by a model that does not account for complementarity. Post-merger chip prices decrease. Overall …

patent protection may encourage horizontal merger and affect the consumers adversely by increasing product …

We investigate cartelists’ merger behavior using European Commission (EC) cartel decisions over a 28-year span and … information on cartelists’ merger activities over the last 30 years. We find that mergers occur frequently. But they cluster in a … expedite mergers. The EC’s cartel settlement procedure delays merger. After cartel dissolution, co-conspirators merge at a …

We investigate cartelists' merger behavior using European Commission (EC) cartel decisions over a 28-year span and … information on cartelists' merger activities over the last 30 years. We find that mergers occur frequently but that they cluster …-conspirators merge at a substantially greater pace. The results shed light on the design of merger policies and enforcement programs …

Can a merger from duopoly to monopoly be detrimental for profits? This paper deals with this issue by focusing on the … highlighted that a wage ‘non‐rigidity’ result applies: the post‐merger wage is higher than in the pre‐merger equilibrium. Second …, it is shown that a ‘reversal result’ in relation to merger profitability actually realizes when the union is sufficiently …

Oligopoly theory suggests that anti-competitive mergers may be held up because firms outside the merger stand to … strategic substitutes -- in the sequential merger game of Nilssen and Sørgard (1998), cast in a two-country setting. The … solution to the cross-border merger game is robust across this class of oligopoly models and is such that (i) cross …

. Firms' assets are product varieties that can be sold individually or entirely transferred to another firm in a merger. We … for merger policy …