We set up a sequential merger game to study a firm's incentives to pass up on an opportunity to merge with another firm. We find that such incentives may exist when there are efficiency gains from a merger, firms are of different sizes, there is an antitrust authority present to approve mergers,...

Merger policy is a permission-granting activity by government in which there may be disincentives to seek permission because of the benefit from having other firms merge. We set up a sequential merger game with endogenized antitrust policy to study one aspect of these disincentives. In...

Energy sharing is the activity of administratively attributing renewable energy to consumers, where the renewable energy asset is controlled by those consumers in a shared role as a non-professional or non-profit producer. The main objective of energy sharing is to give all consumers access to...