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Concentration Screens for Horizontal Mergers

Nocke, Volker - 2020

Concentration-based screens for horizontal mergers, such as those employed in the US DOJ and FTC Horizontal Merger Guidelines, play a central role in merger analysis. However, the basis for these screens, in both form and level, remains unclear. We show that there is both a theoretical and an...

Persistent link: https://www.econbiz.de/10012481388

Local and National Concentration Trends in Jobs and Sales : The Role of Structural Transformation

Autor, David H.; Patterson, Christina; Van Reenen, John - National Bureau of Economic Research - 2023

National industrial concentration in the U.S. has risen sharply since the early 1980s, but there remains dispute over whether local geographic concentration has followed a similar trend. Using near population data from the Economic Censuses, we confirm and extend existing evidence on national...

Persistent link: https://www.econbiz.de/10014250148

The Anatomy of Concentration : New Evidence From a Unified Framework

Ahern, Kenneth R.; Kong, Lei; Yan, Xinyan - National Bureau of Economic Research - 2024

Concentration is a single summary statistic driven by two opposing forces: the number of firms in a market and the evenness of their market shares. This paper introduces a generalized measure of concentration that allows researchers to vary the relative importance of each force. Using the...

Persistent link: https://www.econbiz.de/10014468257

University Patenting : Estimating the Diminishing Breadth of Knowledge Diffusion and Consumption

Rosell, Carlos - 2006

The rate of university patenting increased dramatically during the 1980s. To what extent did the knowledge flow patterns associated with public sector inventions change as university administrators and faculty seemingly became more commercially oriented? Using a Herfindahl-type measure of patent...

Persistent link: https://www.econbiz.de/10012466021

Are Chinese Markets for Manufactured Products More Competitive than in the US? : A Comparison of China -US Industrial Concentration Ratios

Wang, Jun - 2014

We present estimates of 4 and 8 firm concentration ratios by industry and in weighted aggregate form for the manufacturing sector for Chinese enterprises for 2002 and 2007. These are then compared to available estimates for the same years and industrial classification for the US. These...

Persistent link: https://www.econbiz.de/10012458765

Bank Concentration and Fragility : Impact and Mechanics

Beck, Thorsten - 2005

relationship between bank concentration and banking system fragility and (ii) the mechanisms …

Persistent link: https://www.econbiz.de/10012467178

Bank Concentration and Crises

Beck, Thorsten - 2003

Motivated by public policy debates about bank consolidation and conflicting theoretical predictions about the … relationship between the market structure of the banking industry and bank fragility, this paper studies the impact of bank … concentration, bank regulations, and national institutions on the likelihood of suffering a systemic banking crisis. Using data on …

Persistent link: https://www.econbiz.de/10012468775

Land and Credit : A Study of the Political Economy of Banking in the United States in the Early 20th Century

Rajan, Raghuram G. - 2009

Economists have argued that a high concentration of land holdings in a country can create powerful interest groups that retard the creation of economic institutions, and thus hold back economic development. Could these arguments apply beyond underdeveloped countries with backward political...

Persistent link: https://www.econbiz.de/10012463566

Consolidation of Banks in Japan : Causes and Consequences

Hosono, Kaoru - 2007

We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the government's too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though...

Persistent link: https://www.econbiz.de/10012465251

Financial Consolidation : Dangers and Opportunities

Mishkin, Frederic S. - 1999

up opportunities to dramatically reduce the scope of deposit insurance and limit it to narrow bank accounts, thus …

Persistent link: https://www.econbiz.de/10012471734