Evidence for the Effects of Mergers on Market Power and Efficiency
---- Acknowledgements ----
This paper has benefitted from conversations with Peter Schott and Nicholas Sly, as well as participants of seminars at the London School of Economics, the School of Advanced International Studies, the Stanford RDC Conference, and the Annual Meeting of the International Industrial Organization Society. We thank Brian Hand and Dominic Smith for outstanding research assistance. Any opinions and conclusions expressed herein are those of the authors and do not necessarily represent the views of the U.S. Census Bureau, the Board of Governors, its research staff, or the National Bureau of Economic Research. All results have been reviewed to ensure that no confidential information is disclosed.