Showing 1 - 10 of 421
policy priorities and a search for the optimal enforcement design to curtail one of the clearest sources of welfare loss …
Persistent link: https://www.econbiz.de/10013012564
The U.S. and EU Merger Guidelines strongly emphasize the relevance of the “ease of entry” argument in merger evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of firms in the markets. We empirically test this aspect of...
Persistent link: https://www.econbiz.de/10012988887
We study final product manufacturers' incentives to introduce new products into the market and how they are affected by a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a manufacturers merger, although it leads to an increase in the...
Persistent link: https://www.econbiz.de/10013047344
We develop a model of vertical innovation in which firms incur a market entry cost and choose a unique level of quality. Once established, firms compete for market shares, selling to consumers with heterogeneous tastes for quality. The equilibrium of the pricing game exists and is unique within...
Persistent link: https://www.econbiz.de/10013315485
making, information aspects of competition, or the imbeddedness of firm competition in a strategic trade competition game …
Persistent link: https://www.econbiz.de/10013318548
We study final product manufacturers’ incentives to introduce new products into the market and how they are affected by a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a manufacturers merger, although it leads to an increase in...
Persistent link: https://www.econbiz.de/10010886105
Mergers realize heterogeneous competitive effects on profits, production, and prices. To date, it is unclear whether differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger studies conventionally assume that, conditional on...
Persistent link: https://www.econbiz.de/10012948252
Two types of agents interact on a pre-existing free platform. Agents value positively the presence of agents of the other type but may value negatively the presence of agents of their own type. We ask whether a new platform can find fees and subsidies so as to divert agents from the existing...
Persistent link: https://www.econbiz.de/10005405902
Convex vacancy creation costs shape firms' responses to trade liberalization. They induce capacity constraints by … prices compared to less productive firms. Trade liberalization also affects labor market outcomes. Increased profits by … exporting firms triggers firm entry, reduces unemployment and increases wage dispersion in the on-the-job search model with …
Persistent link: https://www.econbiz.de/10013119834
We discuss metrics of globalization for individual economies as distance measures between fully integrated and trade … to trade barriers, barriers to factor flows, barriers to international financial intermediation, solved technological … literature such as trade / GDP ratios. …
Persistent link: https://www.econbiz.de/10005094373