Proposed Mergers Where Efficiencies Are Needed Most Might Be the Least Likely to Deliver Them
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Mergers are commonly evaluated by weighing their expected market power effects against any efficiency gains they create. The larger the market power effect of a proposed merger, the larger must be any efficiencies for it to raise social welfare. We show selection into merger proposal distorts the
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美国国家经济研究局创建时间：
2026-05-01
