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Schultz, Christian - CESifo - 2005

In several European merger cases competition authorities have demanded that the merging firm auctions off virtual capacity. The buyer of virtual capacity receives an option on an amount of output at a pre-specified price, typically equal to marginal cost. This output is sold in the market in...

Persistent link: https://www.econbiz.de/10005765994

Firm and Establishment Volatility: The Role of Sunk Costs, Profit Uncertainty and Technological Change

Ghosal, Vivek - CESifo - 2003

appear to be mixed. We explore the implications of our findings for antitrust analysis. …

Persistent link: https://www.econbiz.de/10005094208

Leniency Programs in a Multimarket Setting: Amnesty Plus and Penalty Plus

Roux, Catherine; Ungern-Sternberg, Thomas von - CESifo - 2007

We examine the effects of Amnesty Plus and Penalty Plus, influencing firms’ whistle blowing incentives in one market, on their self-reporting decision in another market. Amnesty Plus and Penalty Plus are proactive US strategies which aim at triggering multiple confessions by increasing the...

Persistent link: https://www.econbiz.de/10005406291

Assessing Horizontal Mergers under Uncertain Efficiency Gains

Choné, Philippe; Linnemer, Laurent - CESifo - 2006

examines the role of uncertainty (on the efficiency gains) in this tradeoff. Common wisdom is that the antitrust authorities …

Persistent link: https://www.econbiz.de/10005416449

Buying to Sell: Private Equity Buyouts and Industrial Restructuring

Norbäck, Pehr-Johan; Persson, Lars; Tag, Joacim - CESifo - 2013

antitrust policy, we underscore that an active private equity market can aid antitrust authorities by triggering welfare …

Persistent link: https://www.econbiz.de/10010681223

Competition and Stability in Banking

Vives, Xavier - CESifo - 2010

I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...

Persistent link: https://www.econbiz.de/10008572523

Distinctively Different: A New Approach to Valuing Architectural Amenities

Ahlfeldt, Gabriel M.; Holman, Nancy - CESifo - 2015

We propose a method to estimate the capitalized value of the architectural design quality of a neighbourhood. Our … economic design premium is identified by spatially differentiating property prices and design quality within neighbourhoods and …

Persistent link: https://www.econbiz.de/10011185624

Bargaining with Two-Person-Groups - On the Insignificance of the Patient Partner

Kirchkamp, Oliver - 2013

Although many real bargaining situations involve more than two people, much of the theoretical and experimental research concentrates on the two player situation. We study the simplest possible extension: four people (two two-person groups) of different patience bargain with each other....

Persistent link: https://www.econbiz.de/10013085276

Auctions vs. Negotiations : The Case of Favoritism

Gretschko, Vitali - 2013

– that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In … negotiation yields a higher buyer surplus with a probability arbitrary close to 1 in the parameter space. Moreover, if the … expected punishment is small, the negotiation is always more efficient and generates a higher surplus for the sellers …

Persistent link: https://www.econbiz.de/10013089156

Centralised Labour Market Negotiations

Müller, Julia - 2013

This paper contributes to the analysis of central vs. decentral (firm-level) labour market negotiations. We argue that during negotiations on a central scale employers and employees plausibly take output market effects into account, while they behave competitively during firm-level negotiations....

Persistent link: https://www.econbiz.de/10013072513