compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …

differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger …. We allow the merger responses to vary across firms, even after controlling for regressors, and apply a random …

The question how mergers affect innovation has gained prominence in a number of recent merger cases. Accounting for the … accrue in a timely fashion, i.e., within two to four years after the merger. This contrasts with the timespan applied to the … a competing merger if that merger would be procompetitive. Hence, the market test for remedies, which is already …