We analyze the optimal dynamic policy of an antitrust authority toward horizontal mergers
when merger proposals are endogenous and occur over time. Approving a currently …

We study merger policy in a dynamic computational model in which firms can reduce costs
through investment or through mergers. Firms invest or propose mergers according to the …

Purpose The purpose of this paper is to explore the effects of mergers and acquisitions
(M&As) on innovation and profitability in large European firms. Design/methodology …

This paper studies the role of structural remedies in merger control in a Cournot setting
where (endogenous) mergers are motivated by prospective efficiency gains and must be …

Recently, the container shipping industry has been witnessing a wave of new mergers and
reshuffling of cooperation agreements (alliances), which have heavily affected the market …

Competition policy is a subject of often heated debate. Competition authorities, seeking to
prevent or battle anticompetitive acts in complex cases to the best of their abilities, regularly …

In this paper, we provide an explanation for why upstream firms merge, highlighting the role
of R&D investments and their nature, as well as the role of downstream competition. We …

The Covid-19 pandemic has severely impacted the world economy, generating an
unprecedented shock that pushed carriers to adapt to the collapse of demand. Most of the …

Competition authorities sometimes require that firms divest some of their assets to rivals in
order to allow a merger to take place. This paper extends the results of Farrell and Shapiro …

Taking the product substitutability into account, this paper considers the horizontal mergers
under C ournot with B ertrand competition. Firstly, the big market size indicates non …