RT Journal Article SR 00 ID 10.1287/mnsc.2023.04104 A1 Cornière, Alexandre de A1 Taylor, Greg T1 Data-Driven Mergers JF Management Science YR 2024 FD 2024-09 VO vol. 70 IS n° 9 AB We study mergers between firms operating in data-connected markets: the data generated as a byproduct of the activity on market A can be used by firms operating on market B. The effects of such a merger depend on whether data trade among independent firms is possible, and on whether data use benefits consumers or leads to more surplus extraction. When data increases product B’s quality, the merger benefits consumers on both markets if data cannot be traded absent the merger, and harms them otherwise. When data is used to extract consumer surplus on market B the merger increases consumer surplus on market A and reduces it on market B. PB nstitute for Operations Research and the Management Sciences SN 0025-1909 LK https://publications.ut-capitole.fr/id/eprint/49718/ UL http://tse-fr.eu/pub/129739