employee wages, firm profits and employment levels are altered by merger when employees have some hold-up power. Among other … the productive gains to joint interaction between the firms (despite such gains being equally realizable under both merger …

assessment under Regulation 139/2004 (Merger Regulation), and considers whether the three stage test for the defence should be … interpreted more flexibly in times of economic crisis. Discusses the role of the counterfactual assessment within the merger …

transition from an n to an n-1 player oligopoly after a merger. Competitors are identified via the European Commission's market … investigations and our methodology allows us to distinguish the externality due to the change in market structure from the merger …

attack mergers raises the question of whether merger enforcement has been ineffective. But there is another explanation. The … developed when it comes to mergers involving nascent competitors. Merger analysis under Hart-Scott-Rodino is a predictive … been anticompetitive and cemented dominance. The forthcoming revisions to the merger guidelines hopefully will address some …

general model of takeover valuation by integrating pieces of the modern finance theory of asset value and the Coasean theory … value through an efficient market? This article advances a general theory of the acquisition premium. It postulates that the … premium is payment for a capitalized asset intrinsic in the firm structure. This theory is the first analysis to construct a …