states of hyper-competition with supply shortages. We also analyze the impact of a change in firm size distribution. A merger …

This paper uses an endogenous merger formation approach in a concentrated international oligopoly to examine the … effects of trade liberalization on the nature of merger incentives (national vs. international). The effects of unilateral … liberalization has been accompanied by an increase in international merger activity. Among equilibrium market structures …

neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported …) decrease in labour demand due to merger-specific synergies and derive welfare effects. We find that efficiency benefits from …-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …

We consider a setting in which two potential merger partners each possess private information pertaining both to the … ex-post regret an unavoidable phenomenon in merger negotiations. To this end, we consider ex-post incentive compatible … mechanisms, which use both players' reports to determine whether or not a merger will take place and what each player will earn …

effects. -- merger simulation ; merger control ; antitrust ; oligopoly theory ; auction models ; mergers & acquisitions … employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems …

such a rule would cause a considerable amount of false positives. -- oligopoly theory ; horizontal merger policy … mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable …

's stand-alone value and a component of the synergies that would be realized by the merger involving his firm. We characterize …, hence transfers can be made contingent on the new information accruing after the merger. Second, we study the case of … identify necessary and sufficient conditions for the implementability of efficient merger rules. In the second case, we show …