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In this paper we study mergers in two-sided industries. While mergers have been studied extensively in traditional … examining mergers in these markets. We present a model that shows that mergers in two-sided markets may not necessarily lead to … higher prices for either side of the market. We test our conclusions by examining a spate of mergers in the Canadian …
Persistent link: https://www.econbiz.de/10005835452
This study is undertaken to investigate the extent to which mergers lead to efficiency by which services are provided …
Persistent link: https://www.econbiz.de/10005837412
In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...
Persistent link: https://www.econbiz.de/10011252548
The objective of this paper is to analyze the efficiency of the Italian Banking System over the period 2006-2010. By applying the Stochastic Frontier Approach (SFA) to a panel of 700 banks, the analysis is based on the joint estimation of a cost function and an efficiency equation (Battese and...
Persistent link: https://www.econbiz.de/10011259215
Mergers in travel industry which are extremely important in Europe and especially Germany, gained speed and these … mergers give rise to cartelization. Mergers in travel industry are seen mostly in German and English establishments. These … fact that the subject's being relatively new and lack of academic work on the subject, as well as rapid changes in mergers …
Persistent link: https://www.econbiz.de/10008681018
In this paper we empirically analyse two counterfactual situations facing an anti-trust authority following the merger … accepted by the Australian anti-trust authority. A comparison of the relative price changes predicted by the divestiture … brands. This suggests structural econometric analysis using a nested logit may be usefully utilised by anti-trust authorities …
Persistent link: https://www.econbiz.de/10008728045
strategies of mergers and acquisitions. …
Persistent link: https://www.econbiz.de/10009246884
Purpose: Mergers and acquisitions (M&A) have become a popular vehicle for domestic as well as international companies …
Persistent link: https://www.econbiz.de/10011107682
Consolidation, Combination and Diversification (CCD’s) in the emerging globalized market leads to competition and escalating the monopoly power. Given the increasing liberalization of rules, regulations and law, a number of firms are going beyond national borders and making deals triumphant....
Persistent link: https://www.econbiz.de/10011110076
In our sample of 1,937 US mergers (1995 to 2011), 8.4 percent of all targets received oers with negative premiums where …
Persistent link: https://www.econbiz.de/10011110570