We set up a stylized oligopoly model of uncertain product innovation to analyze the effects of a merger on innovation … externality depresses it. The latter effect is stronger in our simulations and, as a result, the merger leads to lower innovation … innovation and consumer welfare fall after a merger …

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

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

, merger laws and enforcement practices, econometric methods for analyzing prospective horizontal mergers, and evidence … antitrust policy toward horizontal mergers, the area of antitrust that has seen some of the most dramatic improvements in both … concerning the ex post effects of actual horizontal mergers. …