a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a … manufacturers merger, although it leads to an increase in the wholesale prices, it can enhance product variety. The merger generated … products to consumers, a merger never results into more product variety. Still, both in the presence and in the absence of …

a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a … manufacturers merger, although it leads to an increase in the wholesale prices, it can enhance product variety. The merger generated … products to consumers, a merger never results into more product variety. Still, both in the presence and in the absence of …

would offset the incentive to increase price created by a merger. The formula depends only on pre-merger information on … slopes -- and thus allow calibration of parameterized demand and cost curves -- from pre-merger data. While the Cournot model … the assumption of interchangeability, in particular greater consistency with pre-merger data and greater scope for …

outsiders. With product differentiation, under quantity competition, and under price competition with outsiders to the merger …, the merger generates efficiency gains when R&D spillovers and/or product differentiation are sufficiently high. Under … price competition with a merger to monopoly, the merger induces efficiency gains except when spillovers are very low. With …

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

to lead to an underestimate of market power in structural merger analysis. …

differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger …. We allow the merger responses to vary across firms, even after controlling for regressors, and apply a random …

We study the effects of merger on firm entry, product variety and prices in the retail craft beer market in California … a counterfactual merger where a large brewery acquires multiple craft breweries. In most markets, we find that new firms … likely to see an increase in product variety, which moderates the loss of consumer surplus from the merger's price effects …