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Merger Policy to Promote ‘Global Players’? A Simple Model

Haufler, Andreas; Nielsen, Søren Bo - CESifo - 2005

We use a simple framework where firms in two countries serve their respective domestic markets and a world market to analyze under which conditions cost-reducing mergers will be beneficial for the merging firms, the home country, and the world as a whole. For a national merger, the policies...

Persistent link: https://www.econbiz.de/10005766066

Upstream Horizontal Mergers and Efficiency Gains

Milliou, Chrysovalantou; Pavlou, Apostolis - CESifo - 2009

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments and decreases wholesale prices when downstream...

Persistent link: https://www.econbiz.de/10005010147

Inference of Bidders’ Risk Attitudes in Ascending Auctions with Endogenous Entry, Second Version

Fang, Hanming; Tang, Xun - Department of Economics, University of Pennsylvania - 2011

auctions, auction theory predicts bid distributions in Bayesian Nash equilibrium does not convey any information about bidders … risk averse. We show bidders' expected profits from entry into auctions is nonparametrically recoverable, if a researcher …

Persistent link: https://www.econbiz.de/10010543520

Inference of Bidders’ Risk Attitudes in Ascending Auctions with Endogenous Entry

Fang, Hanming; Tang, Xun - Department of Economics, University of Pennsylvania - 2013

Bidders’ risk attitudes have key implications for choices of revenue-maximizing auction formats. In ascending auctions … transaction prices and participation decisions in ascending auctions with entry costs. Nonparametric tests are proposed for two … of risk attitudes in a more general model of ascending auctions with selective entry, where bidders receive entry …

Persistent link: https://www.econbiz.de/10010699855