Showing 1 - 10 of 21
We use a dynamic oligopoly model of entry and exit to evaluate how entry regulations affect profitability and market … stores in Sweden, we find that the average entry costs for small and large stores are 10 and 18 percent lower, respectively …, in markets with liberal compared with restrictive regulations. Counterfactual simulations show that lower entry costs in …
Persistent link: https://www.econbiz.de/10010699973
No abstract.
Persistent link: https://www.econbiz.de/10010818444
between market size and entry. …
Persistent link: https://www.econbiz.de/10009251247
This paper questions whether competition can replace sector-specific regulation of mobile telecommunications. We show that the monopolistic outcome prevails independently of market concentration when access prices are determined in bilateral negotiations. A light-handed regulatory policy can...
Persistent link: https://www.econbiz.de/10005190638
of commercialization (entry or sale) in network industries showing that high equilibrium acquisition prices are driven by … acquisition relative to entry. A policy enforcing strict compatibility leads to more entry, but can be counterproductive by …
Persistent link: https://www.econbiz.de/10008919575
theoretical and empirical studies of mergers and merger control. Next, we review the current legal practice in seven OECD …The purpose of this report is to contribute to the analysis of two questions. Should a merger control system take into … account efficiency gains from horizontal mergers, and balance these gains against the anti-competitive effects of mergers? If …
Persistent link: https://www.econbiz.de/10005670112
This report studies the importance of efficiency gains from horizontal mergers. A general theme throughout this report … is that efficiency gains, and their pass-on to consumers, may vary substantially from merger to merger. For this reason … it seems appropriate to reconsider current practice in European merger control, which does not allow the merging parties …
Persistent link: https://www.econbiz.de/10005670113
This paper proposes an approach for prediction the pattern of mergers when different mergers are feasible. It … that in concentrated markets, mergers are conductive to market structures with large industry profits, and thus points to a … conflict between private and social incentives. It is shown how mergers may be undertaken in order to preempt other possible …
Persistent link: https://www.econbiz.de/10005670123
's ability to rationalize production is even more limited if costs are private information to firms. Merger in such markets …
Persistent link: https://www.econbiz.de/10005670124
profitable merger does not occur, because it is even more profitable for each firm to unilaterally stand as an outsider (Kamien … rather than exogenous merger theory. …
Persistent link: https://www.econbiz.de/10005780368