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Market Concentration in Europe : Evidence from Antitrust Markets
Affeldt, Pauline; Duso, Tomaso; Gugler, Klaus; … - 2021
scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10013249649
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Concentration and Competition : Evidence from Europe and Implications for Policy
Koltay, Gabor; Lorincz, Szabolcs; Valletti, Tommaso M. - 2022
The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...
Persistent link: https://www.econbiz.de/10013293852
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25 Years of European Merger Control
Affeldt, Pauline - 2020
We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel … dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the … definition and the complexity of the merger. Simple, linear probability models as usually applied in the literature overestimate …
Persistent link: https://www.econbiz.de/10012836941
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Assessing EU Merger Control Through Compensating Efficiencies
Affeldt, Pauline; Duso, Tomaso; Gugler, Klaus Peter; … - 2021
that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax …
Persistent link: https://www.econbiz.de/10013314675
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Inequality and Market Concentration, When Shareholding is More Skewed than Consumption
Gans, Joshua S. - 2019
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the relative distribution of consumption and corporate equity...
Persistent link: https://www.econbiz.de/10012892178
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Corporate Tax Avoidance and Industry Concentration
Martin, Julien - 2020
This paper argues that tax avoidance by large corporations has contributed to the 25% increase in concentration among U.S. firms since the mid-1990s. Corporate tax avoidance gives large firms a competitive edge, which translates into larger market shares and an increase in the granularity of the...
Persistent link: https://www.econbiz.de/10012825999
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Concentration in International Markets : Evidence from US Imports
Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino - 2021
We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the typical industry, while it is stable by industry and origin country. The fall in concentration is driven by the extensive margin: the number of exporting firms has grown, and the...
Persistent link: https://www.econbiz.de/10013235106
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Double Marginalization and Vertical Integration
Choné, Philippe; Linnemer, Laurent; Vergé, Thibaud - 2021
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
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The "Matthew Effect" and Market Concentration : Search Complementarities and Monopsony Power
Fernández-Villaverde, Jesús; Mandelman, Federico; Yu, Yang - 2021
This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market concentration fosters monopsony power in the labor...
Persistent link: https://www.econbiz.de/10013245629
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Vertical Relations, Pass-Through, and Market Definition : Evidence from Grocery Retailing
Haucap, Justus; Heimeshoff, Ulrich; Klein, Gordon J.; … - 2021
We examine how different pass-through rates, from input- to final consumer prices, and different vertical contracts affect upstream market definition. Our theory model predicts that, under reasonable conditions, higher pass-through rates lead to definitions of larger upstream markets. Data from...
Persistent link: https://www.econbiz.de/10013314949