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In several European merger cases competition authorities have demanded that the merging firm auctions off virtual …
Persistent link: https://www.econbiz.de/10010261290
This paper examines the value that can potentially be created by a vertically integrating energy system. Integration entails operational gains that must be traded off against the requisite cost of capacity investments. In the context of our model, the operational gains are subject to inherent...
Persistent link: https://www.econbiz.de/10012858208
model of vertical integration in a supplier-producer relationship that is rooted in the property-rights theory to learn …
Persistent link: https://www.econbiz.de/10013224089
Asymmetric information in procurement entails double marginalization. The phenomenon is most severe when the buyer has all the bargaining power at the production stage, while it vanishes when the buyer and suppliers’ weights are balanced. Vertical integration eliminates double marginalization...
Persistent link: https://www.econbiz.de/10013235119
In this paper, we construct an elaborate general equilibrium model with a continuum of production fragments for an intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical specialization and trade on growth and inequality for a small...
Persistent link: https://www.econbiz.de/10013314672
platform’s post-merger contractual relationship with third-party sellers distributing through its marketplace. Regardless of …
Persistent link: https://www.econbiz.de/10014077333
compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …
Persistent link: https://www.econbiz.de/10012871025
post-merger efficiency improvements to reveal a new margin of adjustment along the product dimension. We analyze horizontal … between differentiated varieties. After a merger, acquirers drop products from their consolidated domestic product portfolio … and reallocate assets towards core varieties. We further demonstrate that such merger-induced efficiency gains imply …
Persistent link: https://www.econbiz.de/10013290783
We propose an analysis of platform competition based on the academic literature with a view towards competition policy. First, we discuss to which extent competition can emerge in digital markets and show which forms it can take. In particular, we underline the role of dynamics, but also of...
Persistent link: https://www.econbiz.de/10012826050
market outcome after a national or an international merger has taken place. In this paper we study the implications for … merger policy when countries non-cooperatively deploy production-based taxes. We find that whether national or international … structure of firms. When all firms are owned domestically in the pre-merger situation, non-cooperative tax policies are more …
Persistent link: https://www.econbiz.de/10013316665