as a whole. For a national merger, the policies enacted by a national merger authority tend to be overly restrictive from … derive the properties of the endogenous merger equilibrium. …

suggest that search and value discovery are important determinants of merger outcomes …

mitigating the market power impact of the merger) if merging firms divest assets to buyers outside the industry rather than …

We analyze the optimal dynamic policy of an antitrust authority towards horizontal mergers when merger proposals are … endogenous and occur over time. Approving a currently proposed merger will affect the profitability and welfare effects of … surplus by using a completely myopic merger review policy that approves a merger today if and only if it does not lower …

We analyze the optimal dynamic policy of an antitrust authority towards horizontal mergers when merger proposals are … endogenous and occur over time. Approving a currently proposed merger will affect the profitability and welfare effects of … surplus by using a completely myopic merger review policy that approves a merger today if and only if it does not lower …