We study the effect of a merger between two Dutch supermarket chains to assess its effect on the depth as well as … composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger's effects …, controlling for selection on observables through a matching procedure when defining our control group. We show that the merger led …

analysis of takeover rumors of publically traded US companies from 1990 to 2008 shows that these two types of rumors can be … statistically distinguished by returns of rumored takeover targets before rumor publication. However, market responses to the rumors …, takeover premiums of sampled targets cannot be explained by markup pricing hypothesis although the hypothesis is supported by …

analysis of takeover rumors of publicly traded US companies from 1990 to 2008 shows that these two types of rumors can be … statistically distinguished by returns of rumored takeover targets before rumor publication. However, market responses to the rumors …, takeover premiums of sampled targets cannot be explained by markup pricing hypothesis although the hypothesis is supported by …

Do managers time the market when they make merger decisions? Merger and acquisition waves seem to correspond with … support pseudo market timing as an explanation for acquiring firm underperformance in the context of stock mergers …

merger enforcement. The policy debate shows that one of the key arguments put forward when supporting potential mergers is … the possibility of realization of merger efficiency gains, specifically in the transport industry. Yet, there exists … little empirical evidence on the actual effects of realized mergers on cost efficiencies. We exploit a large and highly …

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

breakdowns with the three years afterwards. Second, for the subset of horizontal mergers, merger activity is found to increase …We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the …

This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual … media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine … economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so …