======= Mergers ======= lecture ------- :ref:`Lecture notes on Mergers and Acquisitions ` screencasts ----------- * The following video is an overview of the effects and types of mergers discussed in this lecture: `part 1 `_ * First, we focus on unileteral effects with the effect of horizontal merger on price and start listing factors affecting unilateral market power: `part 2 `_ * We continue with discussing other factors next to market power and concentration that influence the likelihood of price rise: `part 3 `_ * Then we consider mergers in the new economy and finish unilateral effects with an example of a bidding market: `part 4 `_ * Second, we discuss coordinated effects in horizontal mergers: `part 5 `_ * Third, we discuss an argument in favor of mergers; the efficieny defence: `part 6 `_ * Fourth, we take a short look at vertical mergers and how they lead to concerns of foreclosure and range (portfolio) effects: `part 7 `_ * This video discusses four range/portfolio issues on conglomerate mergers listed by the Commission: `part 8 `_ * Fifth, we consider two categories of remedies: `part 9 `_ * Sixth, we shortly discuss the European practice of merger regulation: `part 10 `_ * The last video is a summary of the lecture: `part 11 `_ exercises --------- From the :ref:`exercise ` of this lecture, we discuss question 1 in class. python ------ In the python file of this lecture, we consider merger simulation: * :download:`mergers `