This paper studies the interaction between the incentives for predation and mergers. I show that the incentive for …-riding problem associated with mergers, and second, destructive predation helps firms avoid the bidding competition. It is also shown … stronger, since it allows mergers bu limits the bidding competition. …

the insiders' dilemma, i.e. profitable mergers do not occur. This strategy may thus be more profitable for a buyer than …

Theoretically, cross ownership may mitigate mergers, i.e. market concentrations. Holding a share in a competing firm …

Difference-in-Difference (DiD) methods are being increasingly used to analyze the impact of mergers on pricing and … to which mergers between firms do not have significant effects on prices. …

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

Potential efficiency gains due to a merger can be used by competition authorities to judge upon proposed mergers. In a …

This paper studies the interaction between the incentives for predation and mergers. I show that the incentive for …-riding problem associated with mergers, and second, destructive predation helps firms avoid the bidding competition. It is also shown … stronger, since it allows mergers but limits the bidding competition. …

Anticompetitive mergers increase competitors' profits, since they reduce competition. Using a model of endogenous … mergers, we show that such mergers nevertheless may reduce the competitors' share-prices. Thus, event-studies can not detect … anti-competitive mergers. …

the insiders' dilemma, i.e. profitable mergers do not occur. This strategy may thus be more profitable for a buyer than …