approximation for the market power effect of a merger. We also provide conditions under which a merger raises consumer surplus, and … conditions under which a myopic, consumer-surplus-based merger approval policy is dynamically optimal. Finally, we study the … aggregate surplus and external effects of a merger …

of oligopoly concerns resulting from mergers. In this paper, we provide a critique of Bork's views on merger policy from … The Antitrust Paradox. Many of Bork's recommendations have been implemented over time and have improved merger analysis …. Bork's proposed horizontal merger policy, however, was too permissive. In particular, the empirical record shows that …

This paper extends the static analysis of oligopoly structure into an infinite-horizon setting with sunk costs and …

There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …

method to study merger effects on firm entry and product variety in the retail craft beer market in California. We simulate …

traditional merger analysis. Neither subsequent entry nor follow-on mergers necessarily mitigate the problem …