assumptions, e.g. connectivity, contagion channel and the merger process, on different static and dynamic stability measures. We … systems. Our main finding is that merger activities can stabilize or destabilize the modelled financial network, depending on … various details such as the connectivity of the network and the assumed merger process. Merger activities can increase …

returns as those involved in the merger. We also find that the merging exchanges increase their market share and experience …

The market concentration doctrine predicts that a horizontal merger is more likely to have collusive, anticompetitive … effects the greater the merger-induced change in industry concentration. Since a collusive, anticompetitive merger generates … doctrine that the merger-induced expected benefits to the product market rivals of the merging firms should be an increasing …