Narrow search
Showing 1 - 10 of 29
Cover Image
Profitable horizontal mergers without cost advantages: The role of internal organization, information, and market structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001
Wirkungen auf die Marktstruktur. Sie reduzieren nicht einfach die Zahl der Wettbewerber in einem Markt, sondern durch Fusionen …
Persistent link: https://www.econbiz.de/10010307515
Cover Image
Profitable horizontal mergers without cost advantages : the role of internal organization, information, and market structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001
Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare-improving even if costs are linear. The...
Persistent link: https://www.econbiz.de/10011398061
Cover Image
Profitable horizontal mergers without cost advantages: The role of internal organization, information, and market structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - Wissenschaftszentrum Berlin für Sozialforschung (WZB) - 2001
Wirkungen auf die Marktstruktur. Sie reduzieren nicht einfach die Zahl der Wettbewerber in einem Markt, sondern durch Fusionen …
Persistent link: https://www.econbiz.de/10009370662
Cover Image
Concentrating on the Fall of the Labor Share
Autor, David H. - 2017
al. (2017), we evaluate and confirm two core claims of the superstar firm hypothesis: the concentration of sales among … firms within industries has risen across much of the private sector; and industries with larger increases in concentration …
Persistent link: https://www.econbiz.de/10012963787
Cover Image
The Fall of the Labor Share and the Rise of Superstar Firms
Autor, David H. - 2017
firms in each industry, product market concentration will rise as industries become increasingly dominated by superstar … increasingly concentrate in a small number of firms; industries where concentration rises most will have the largest declines in … share will be greatest in the sectors with the largest increases in market concentration; and finally, such patterns will be …
Persistent link: https://www.econbiz.de/10012956029
Cover Image
The fall of the labor share and the rise of superstar firms
Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017
firms in each industry, product market concentration will rise as industries become increasingly dominated by superstar … increasingly concentrate in a small number of firms; industries where concentration rises most will have the largest declines in … share will be greatest in the sectors with the largest increases in market concentration; and finally, such patterns will be …
Persistent link: https://www.econbiz.de/10011647664
Cover Image
Concentrating on the fall of the labor share
Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017
al. (2017), we evaluate and confirm two core claims of the superstar firm hypothesis: the concentration of sales among … firms within industries has risen across much of the private sector; and industries with larger increases in concentration …
Persistent link: https://www.econbiz.de/10011612751
Cover Image
Silent Interests and All-Pay Auctions
Konrad, Kai A. - 2005
If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...
Persistent link: https://www.econbiz.de/10010296367
Cover Image
Strategic trade policy and the home bias in firm ownership structure
Huck, Steffen; Konrad, Kai A. - 2003
In this note we consider the preferences of a profit maximizing firm for international ownership in a world in which firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms prefer national ownership and show that full...
Persistent link: https://www.econbiz.de/10011506470
Cover Image
Strategic trade policy and merger profitability
Huck, Steffen; Konrad, Kai A. - 2003
We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy environment. Merger changes the strategic trade policy equlilibrium. We show that merger can be profitable and welfare enhancing here, even though it would not be profitable in a...
Persistent link: https://www.econbiz.de/10011507913