competition will be more than offset by the efficiencies that the merger would generate. This roundtable explored some of the … incorporate efficiencies in merger analysis. That reluctance is even greater with respect to dynamic efficiencies than it is with … respect to static ones. The reason is that even in a static analysis, determining whether a merger is likely to lead to …

In this comprehensive review of ex-post merger studies price effects of horizontal transactions are evaluated. By … combining and further analyzing the results of 52 retrospective studies on 82 mergers or merger-like transactions it can be … shown that the industry alone is no strong indication for the direction of price-related merger effects. However, the "size …

media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine …, we address three research questions: (i) Is the current development of analyzing industry with its recent merger activity … merger control in this industry, as well as a more active abuse control against already vertically-integrated media companies …

examined in location models. In a two-to-one merger, the merger reduces consumer surplus more when firms can price discriminate … based on individual preferences compared to when they cannot. However, the opposite holds true in a three-to-two merger, in …. Further, the three-to-two merger requires an even lesser marginal cost reduction to justify when an upstream data provider can …

efficiency and eliminating market power. Previous literature focuses on the average net wealth effects on merging firms and their … stakeholder firms and reports evidence of efficiency gains while no evidence of market power in horizontal mergers. In this paper …, we examine how efficiency gains distribute between the merging firms and their customer firms. We find a significant …

The DOJ-FTC Merger Guidelines were developed for and best deal with horizontal mergers where the theory of harm is … coordinated effects. The Guidelines deal awkwardly, at best, with mergers where the theory of harm is unilateral effects. The … needed for inquiry and enforcement where the theory of harm is unilateral effects, as is a market definition paradigm for …

This paper empirically analyzes the Federal Trade Commission's merger enforcement decisions, to supplement the 2004 … release of the Horizontal Merger Investigation Data. The study provides insights into the review process for both multi- and …

This comprehensive review of ex-post merger studies assesses the price effects of horizontal transactions to determine … whether there are common post-merger price effects, both overall and in specific markets. The aim is to derive implications … for policy makers and competition authorities in terms of effective merger enforcement and competition policy. By …

One of the most controversial aspects in the recently adopted U.S. horizontal merger guidelines has been the … leading competition authorities and will likely shape international consensus in merger review. It appears unlikely that this … approach will reduce analytical rigor in merger review and lead to more aggressive merger enforcement with an increased number …

In this comprehensive review of ex-post merger studies price effects of horizontal transactions are evaluated. By … combining and further analyzing the results of 52 retrospective studies on 82 mergers or merger-like transactions it can be … shown that the industry alone is no strong indication for the direction of price-related merger effects. However, the “size …