Does the Potential to Merge Reduce Competition?
Published Online:28 Oct 2021https://doi.org/10.1287/mnsc.2021.4089
References
- (1986) Optimal cartel equilibria with imperfect monitoring. J. Econom. Theory 39(1):251–269.Crossref, Google Scholar
- (2001) Quantitative asset pricing implications of endogenous solvency constraints. Rev. Financial Stud. 14(4):1117–1151.Crossref, Google Scholar
- (2001) New evidence and perspectives on mergers. J. Econom. Perspect. 15(2):103–120.Crossref, Google Scholar
- (2018) Anti-competitive effects of common ownership. J. Finance 73(4):1513–1565.Crossref, Google Scholar
- (2015) Learning about common and private values in oligopoly. RAND J. Econom. 46(1):66–85.Crossref, Google Scholar
- (2009) Arbitrage Theory in Continuous Time (Oxford University Press, New York).Google Scholar
- (2011) The effect of merger anticipation on bidder and target firm announcement period returns. J. Corporate Finance 17(3):595–611.Crossref, Google Scholar
- (1984) Horizontal mergers and collusive behavior. Internat. J. Indust. Organ. 2(2):117–132.Crossref, Google Scholar
- (1985) Incentives to form coalitions with bertrand competition. RAND J. Econom. 16(4):473–486.Crossref, Google Scholar
- (1992) Mergers and the value of antitrust deterrence. J. Finance 47(3):1005–1029.Crossref, Google Scholar
- (2012) The real effects of financial markets: The impact of prices on takeovers. J. Finance 67(3):933–971.Crossref, Google Scholar
- (1990) Horizontal mergers: An equilibrium analysis. Amer. Econom. Rev. 80(1):107–126.Google Scholar
- (1994) The folk theorem with imperfect public information. Econometrica 62(5):997–1039.Crossref, Google Scholar
- (1992) Toward a theory of horizontal mergers. Manfredi G, La Manna M, eds. The New Industrial Economics: Recent Developments in Industrial Organization, Oligopoly and Game Theory (Edward Elgar Pub., Cheltenham, UK), 137–157.Google Scholar
- (1984) Noncooperative collusion under imperfect price information. Econometrica 52(1):87–100.Crossref, Google Scholar
- (2003) Price ceilings as focal points for tacit collusion: Evidence from credit cards. Amer. Econom. Rev. 93(5):1703–1729.Crossref, Google Scholar
- (2015) A duality approach to continuous-time contracting problems with limited commitment. J. Econom. Theory 159(Part B):929–988.Crossref, Google Scholar
- (2021) Oligopolistic price leadership and mergers: The United States beer industry. Amer. Econom. Rev. Forthcoming.Google Scholar
- (2007) Do vertical mergers facilitate upstream collusion? Amer. Econom. Rev. 97:1321–1339.Crossref, Google Scholar
- (1985) Oligopoly and the incentive for horizontal merger. Amer. Econom. Rev. 75(1):219–227.Google Scholar
- (1983) A study of cartel stability: The joint executive committee, 1880-1886. Bell J. Econom. 14(2):301–314.Crossref, Google Scholar
- (1983) Losses from horizontal merger: The effects of an exogenous change in industry structure on Cournot-Nash equilibrium. Quart. J. Econom. 98(2):185–199.Crossref, Google Scholar
- (2007) Games with imperfectly observable actions in continuous time. Econometrica 75(5):1285–1329.Crossref, Google Scholar
- (2007) Impossibility of collusion under imperfect monitoring with flexible production. Amer. Econom. Rev. 97(5):1794–1823.Crossref, Google Scholar
- (2008) Optimal and strategic timing of mergers and acquisitions motivated by synergies and risk diversification. J. Econom. Dynam. Control 32(5):1701–1720.Crossref, Google Scholar

