We examine how a downstream merger affects input prices and, in turn, the profitability of a such a merger under … unions organising workers. If the input suppliers are plant-specific, we find that a merger is more profitable than in a … take part in a merger than being an outsider. For firm-specific input suppliers, on the other hand, results are reversed …

We modify the UPP test of Farrell and Shapiro (2010) to take into account the possibility that a merger weakens (or … eliminates) a vertical supply relationship. After deriving a general effect of the merger, we provide an example of simple …

downstream firms, to analyze the possible anti-competitive effects of an upstream merger. We find that an upstream merger may … model is tested empirically on data for an upstream merger in the Norwegian food sector (specifically, the market for eggs …). Consistent with the theoretical predictions of the model, we find that the merger had no effect on consumer prices, but led to …

compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …