merger. The microstructure of the audit industry provides further insights—Non-Big4 audit firms reduce fees after the merger …

to biased estimation of demand elasticities. We simulate a merger between American and US Airways and find that product … repositioning and post-merger outcomes depend on how we model the characteristics of the merged firm as a function of the pre-merger …

We analyze mergers and entry in a differentiated products oligopoly model of price competition. Any merger that does … not yield efficiencies is unprofitable if it induces entry sufficient to preserve pre-merger consumer surplus. Thus … specific magnitudes of efficiencies and post-merger entry, and these combinations are identified from pre-merger market shares …

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 …

Likelihood of entry is considered to be a mitigating factor in the analysis of a merger's competitive effects. Entry … analyses in horizontal merger investigations typically focus on the incentives and ability of potential entrants to enter the … market and restore its competitiveness in the event the merger creates anti-competitive effects. There is, however, a well …

I study a merger between producers of complement inputs facing entry of superior inputs, with investment by the … incumbents in deterministic cost reduction and by the entrants in probabilistic innovation, and competition in prices. The merger … on R&D by the incumbents (entrants). With inelastic demand the merger harms consumers if the incumbents are efficient …