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The degree of endemic volatility in the number of firms and establishments varies considerably across industries. Examining the within-industry range of variation (max.-min.) of the number of firms over our sample period, the low and high values across U.S. manufacturing industries are 4 and...
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market shares and substantial shareholdings, we calculate the impact of common ownership on effective market concentration … concentration by 21 percent. Our estimates imply that if listed firms seek to maximise the value of their investors’ portfolios …
Persistent link: https://www.econbiz.de/10012507267
An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in … many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market … scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post …
Persistent link: https://www.econbiz.de/10012421242
While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U.S. antitrust cartel prosecutions during the period...
Persistent link: https://www.econbiz.de/10011346282
As a part of their industry or competition policies governments decide whether to allow for free market entry of firms or to regulate market access. We analyze a model where governments (ab)use these policy decisions for strategic reasons in an international setting. Multiple equilibria of this...
Persistent link: https://www.econbiz.de/10011508060
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1990-2014 period, we evaluate how consistently arguments related to structural market parameters – dominance, concentration …’s competitive concerns are also correlated with concentration and the more so, the higher the entry barriers and the risks of …
Persistent link: https://www.econbiz.de/10012200178
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