In this episode, Philipp Heller, an expert on mergers, antitrust, and competition, discusses how game theory can be used to predict the effects of market consolidations. They explore examples like the intended merger of Vonovia and Deutsche Wohnen and explain game theory concepts useful for antitrust authorities. The podcast also delves into different types of mergers, the impact on competition and consumer welfare, and the role of game theory in antitrust decision-making.