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 …

marginal costs are nondecreasing, any profitable merger failing to generate technological synergies must harm consumers through … differentiated and firms compete in prices. The implications for merger policy are discussed …

prosecution. From a normative perspective, we show that merger policy is crucial when cost synergies are small (or nonexistent …

We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard … prediction of the lemons market model-if any, only low-type firms are traded-is likely to be misleading: Merger returns, i.e. the … difference between pre- and post-merger profits, are not necessarily higher for low-type firms. This has two implications. First …

This chapter first reviews the economic theory underlying the unilateral competitive effects of mergers, focusing on …

pressure post-merger. We show that while optimal pricing is determined by the nature of end-users' side choices, their platform … choices are crucial for merger analysis. …

of a merger review. We focus on the three necessary conditions for a coordinated effect to arise post-merger: (i) firms … government (external stability conditions). We subsequently discuss the relevance of considering the merger-specificity of …