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. We apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market …We examine how a downstream merger affects input prices and, in turn, the profitability of a such a merger under … unions organising workers. If the input suppliers are plant-specific, we find that a merger is more profitable than in a …
Persistent link: https://www.econbiz.de/10013320499
apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market structure …We examine how a downstream merger affects input prices and, in turn, the profitability of such a merger under Cournot … organising workers. If the input suppliers are plant-specific, we find that a merger is more profitable than in a corresponding …
Persistent link: https://www.econbiz.de/10010307511
apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market structure …We examine how a downstream merger affects input prices and, in turn, the profitability of such a merger under Cournot … organising workers. If the input suppliers are plant-specific, we find that a merger is more profitable than in a corresponding …
Persistent link: https://www.econbiz.de/10009370661
than under a cross-border merger outcome. -- Unionization ; International Oligopoly ; Endogenous Mergers ; Countervailing …We re-examine the common wisdom that cross-border mergers are the most effective merger strategy for firms facing … powerful unions. In contrast, we obtain a domestic merger outcome whenever firms are sufficiently heterogeneous (in terms of …
Persistent link: https://www.econbiz.de/10009725245
This study develops and uses a successive oligopoly model, with an unobservable non-linear tariff between upstream and … downstream firms, to analyze the possible anti-competitive effects of an upstream merger. We find that an upstream merger may … model is tested empirically on data for an upstream merger in the Norwegian food sector (specifically, the market for eggs …
Persistent link: https://www.econbiz.de/10013061108
We study welfare effects of horizontal mergers under a successive oligopoly model and find that downstream mergers can …
Persistent link: https://www.econbiz.de/10011491438
compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …
Persistent link: https://www.econbiz.de/10012001659
arbitrage. Furthermore, a merger can lead to an equilibrium in which only the "high-demand" market is served. This is more … likely (i) the lower consumers' transportation costs and (ii) the higher the concentration of the industry. Therefore, merger … incentives are much larger than standard analysis suggests. -- Imperfect market segmentation ; oligopoly ; price discrimination …
Persistent link: https://www.econbiz.de/10003874770
We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the antitrust agency … induces strictly price-decreasing mergers. -- Remedies ; Divestiture ; Merger Control ; Oligopoly ; Synergies …
Persistent link: https://www.econbiz.de/10009685029
leadership in a symmetric Cournot oligopoly. I first explore the case of a single merger and show that, despite being such merger …I set up an endogenous merger model in which, whenever fi rms agree to join in a coalition, the new entity acquires the … coalition or an n - 1-fi rm coalition. I then allow for multiple coalitions and show that merger waves often occur as a fi rms …
Persistent link: https://www.econbiz.de/10012963274