effects. -- merger simulation ; merger control ; antitrust ; oligopoly theory ; auction models ; mergers & acquisitions … employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems …

. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from … takeover is hostile. …

"This paper examines the impact of mergers on default risk, finding that, on average, a merger increases the default … prior to a merger announcement. We also demonstrate higher levels of default risk are not accompanied by higher post- merger …