We explore the question of whether wireless industry mergers invariably reduce sector employment and find the answer is "no." We reach this conclusion by looking at four years of data on employment trends surrounding the largest wireless merger to date - the AT&T-Cingular merger in 2004, and two...

This law review examines in detail an emerging gap for evaluating anticompetitive concerns of utility consolidations between the Federal Energy Regulatory Commission under the Federal Power Act and the Securities and Exchange Commission under the Public Utilities Holding Company Act. First, this...

The U.S. electricity industry - once the most stoic of industries - is currently is a state of great turmoil and flux. The root of this turmoil stems directly from Federal Energy Regulatory Commission's ("FERC") ostensible efforts to bring "competition" and "de-regulation" to the electric...

This POLICY BULLETIN examines the potential impact of the proposed Cingular/AT&T Wireless merger on both (a) the performance in the national wireless industry; and (b) the potential for wireless "intermodal" competition with fixed line service. After performing both an event study and merger...

I conduct an event study on the proposed $26.5 billion merger between Sprint and T-Mobile. Positive and statistically significant stock price effects are observed for the merging firms in response to credible rumors of the transaction, but large and negative returns are observed after the...

Financial event studies using daily stock returns are frequently employed in the analysis of mergers to estimate the sign and magnitude of stock movements to particular merger announcements. A common method of conducting the event study is least squares regression with dummy variables. Daily...

Delay due to multiple merger reviews in regulated industries is analysed empirically. Tests on a sample of over 500 mergers between 1990 and 1998 reveal that delay is 80% longer in regulated industries than unregulated industries

Antitrust policy and mergers provide a steady source of material for economic analysis, both theoretical and empirical. This is no surprise; in few other areas are the problems so obviously economic, so practical, and of such substantial policy significance. Seminal articles in economics such as...

Using data on the prices paid by multichannel video programing distributors (“MVPDs”) for basic cable networks, I conduct a retrospective analysis of the price effects of the Comcast-NBCU merger. Estimates from both the difference-in-differences and lagged-dependent variable models indicate...

Antitrust reform advocates view the acquisition of small innovative companies by large technology “platform” companies as a primary competitive problem in digital markets. To remedy this perceived problem, these advocates recommend restrictions on mergers and acquisitions including...