Narrow search
Showing 1 - 10 of 404
Cover Image
The Coordinated Effects of Mergers in Differentiated Products Markets
Kühn, Kai-Uwe - C.E.P.R. Discussion Papers - 2004
The Paper addresses the issue of coordinated effects of mergers in the framework of a differentiated products model …. Firms’ assets are product varieties that can be sold individually or entirely transferred to another firm in a merger. We …, mergers are unprofitable unless the length of product lines is very asymmetric. We discuss the implications of the analysis …
Persistent link: https://www.econbiz.de/10005667006
Cover Image
Predation and Mergers: Is Merger Law Counterproductive?
Persson, Lars - C.E.P.R. Discussion Papers - 2001
This Paper shows that predation might help firms overcome the free riding problem of mergers by changing the … acquisition situation in the buyer's favour relative to the firms outside the merger. It is also shown that the bidding … bidding competition for the prey. It is also shown that a restrictive merger policy might be counterproductive, since it might …
Persistent link: https://www.econbiz.de/10005661959
Cover Image
Measuring Unilateral Effects in Partial Acquisitions
Brito, Duarte; Ribeiro, Ricardo; Vasconcelos, Helder - C.E.P.R. Discussion Papers - 2013
indirect partial ownership interests and nests full mergers (100% financial and control acquisitions) as a special case. We …
Persistent link: https://www.econbiz.de/10011084091
Cover Image
Quantifying the Coordinated Effects of Partial Horizontal Acquisitions
Brito, Duarte; Ribeiro, Ricardo; Vasconcelos, Helder - C.E.P.R. Discussion Papers - 2013
mergers, evaluates the impact on the range of discount factors for which coordination can be sustained. We provide an …
Persistent link: https://www.econbiz.de/10011084532
Cover Image
The Tobacco Deal
Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 1999
We analyse the major economic issues raised by the 1997 Tobacco Resolution and the ensuing proposed legislation that were intended to settle tobacco litigation in the United States. By settling litigation largely in return for tax increases, the Resolution was a superb example of a "win-win"...
Persistent link: https://www.econbiz.de/10005791442
Cover Image
Factoryless Goods Producers in the US
Bernard, Andrew B.; Fort, Teresa C - C.E.P.R. Discussion Papers - 2013
This paper documents the extent and characteristics of plants and firms in the US that are outside the manufacturing sector according to official government statistics but nonetheless are heavily involved in activities related to the production of manufactured goods. Using new data on...
Persistent link: https://www.econbiz.de/10011083862
Cover Image
A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market
Graddy, Kathryn; Hall, George - C.E.P.R. Discussion Papers - 2009
We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination. Simulated prices and quantities from the model exhibit the key features observed in a set of high quality...
Persistent link: https://www.econbiz.de/10005036234
Cover Image
Market Dominance and Behaviour-Based Pricing under Horizontal and Vertical Differentiation
Gehrig, Thomas; Shy, Oz; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2007
We evaluate behaviour-based price discrimination from an antitrust perspective by focusing on an industry with inherited market dominance. Under horizontal differentiation behaviour-based pricing does not by itself lead to persistence of dominance unless the dominant firm is protected by...
Persistent link: https://www.econbiz.de/10005123558
Cover Image
Market Transparency, Competitive Pressure and Price Volatility
Kühn, Kai-Uwe; Martínez, Catalina B - C.E.P.R. Discussion Papers - 1996
In this paper we analyse the role of asymmetric information between firms and consumers about market conditions. In standard models of oligopoly informational advantages of firms over customers do not play a role because all prices are observable. When customers are unable to observe all...
Persistent link: https://www.econbiz.de/10005791781
Cover Image
On the use of price-cost tests in loyalty discounts: Which implications from economic theory?
Fumagalli, Chiara; Motta, Massimo - C.E.P.R. Discussion Papers - 2015
Recent cases in the US (Meritor, Eisai) and in the EU (Intel) have revived the debate on the use of price-cost tests in loyalty discount cases. We draw on existing recent economic theories of exclusion and develop new formal material to argue that economics alone does not justify applying a...
Persistent link: https://www.econbiz.de/10011262886