assumption were held, a positive external effect of a proposed merger would represent a sufficient condition to allow the merger … this restrictive assumption and allow for unprofitable mergers to occur. This exerts a considerable impact on merger policy … effect does not represent a sufficient condition for the allowance of a merger any longer. Applying such a rule would cause a …

effects if the merging firms have large profits that are at risk from an innovation. A merger can promote investment in R …

model, we simulate the consequences of counter-factual national merger regulation. The US beer price index would have been 4 …

merger links the markets for data collection and data application, through which the digital platform can leverage its market … data application. But insofar as competitors remain active, the merger increases total consumer surplus in both markets by … intensifying competition. When the consumption synergy is large enough, the merger can result in monopolization of both markets …

I study the pricing behavior of legacy airlines before and after the American Airlines-US Airways merger. Results are … consistent with an increase in price coordination between legacy airlines after the merger. Descriptive evidence suggests the … merger facilitated the observed increase in price coordination. U.S. Airways faced weak incentives to coordinate pricing …

In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find …

We describe the quantitative modeling techniques that are used in horizontal merger review for the evaluation of … unilateral effects, and discuss how the 2010 Horizontal Merger Guidelines helped legitimize these methods and motivate scholarly …

merger links the markets for data collectionand data application, through which the digital platform can leverage its market … competition. Whenthe consumption synergy is large enough, the merger can result in monopolization of bothmarkets, leading to … costs can outweigh static bene ts.We also discuss policy implications by considering various merger remedies. …