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Flavien Moreau

Flavien Moreau is an economist at the International Monetary Fund’s Research Department and an affiliate at Princeton University. His main research interests include firm dynamics, competition policy and demography. His work has been published in the AEJ: Macro and the Journal of the European Economic Association, and covered by The Economist, Bloomberg, and the Financial Times.
Antitrust and Competition

Firm Coordination Creates Unstable Merger Waves 

Semih Uslu
In new research, Semih Üslü and Flavien Moreau argue that waves of mergers and acquisition, which are typically unstable and ultimately crash, are not driven by changes in economic conditions, but by self-reinforcing appetite for mergers among firms when others are also engaging in M&A. Policies that drive stable, low-merger conditions can lead to better outcomes for consumers.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.