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The impact of horizontal mergers on market structure : evidence from the semiconductor industry
Siebert, Ralph - 2016
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 … dominated mergers. Interestingly, we also find that mergers foreclose potential entry in other product markets and reduce the …
Persistent link: https://www.econbiz.de/10011481190
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Controlling product risks when consumers are heterogeneously overconfident : producer liability vs. minimum quality standard regulation
Baniak, Andrzejj; Grajzl, Peter - 2014
Contributing to the literature on the consequences of behavioral biases for market outcomes and institutional design, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product-related torts when consumers are heterogeneously...
Persistent link: https://www.econbiz.de/10010413791
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Imminent entry and the transition to multimarket rivalry in a laboratory setting
Mason, Charles F.; Phillips, Owen R. - 2016
In this paper we study the behavior of rivals when there is a known probability of imminent entry. Experimental markets … are used to collect data on pre- and post-entry production when there is an announced time of possible entry; some markets … experience entry and other do not. In all pre-entry markets competition is more intense. Post-entry behavior in all markets is …
Persistent link: https://www.econbiz.de/10011451143
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Benefits of regulation vs. competition where inequality is high : the case of mobile telephony in South Africa
Hawthorne, Ryan; Grzybowski, Lukasz - 2019
We test for the distributional effects of regulation and entry in the mobile telecommunications sector in a highly …. Next, we use a demand and supply equilibrium framework to simulate prices and the distribution of welfare without entry and … mobile termination rate regulation. We find that regulation benefits consumers significantly more than entry does, and that …
Persistent link: https://www.econbiz.de/10012029118
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A retrospective study of state aid control in the German broadband market
Duso, Tomaso; Nardotto, Mattia; Seldeslachts, Jo - 2021
significantly increased in the municipalities receiving aid. This additional entry decreased average prices. Therefore, the …
Persistent link: https://www.econbiz.de/10012433753
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Animal welfare, moral consumers and the optimal regulation of animal food production
Eichner, Thomas; Runkel, Marco - 2022
Within a general equilibrium model, this paper identifies a novel animal welfare externality that occurs if the private animal friendliness in a market economy falls short of the social animal friendliness used by the social planner when determining the efficient allocation. The animal welfare...
Persistent link: https://www.econbiz.de/10013472429
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Sequential versus simultaneous contributions to public goods : experimental evidence
Gaechter, Simon; Nosenzo, Daniele; Renner, Elke; … - 2009
We report an experiment comparing sequential and simultaneous contributions to a public good in a quasi-linear two-person setting (Varian, Journal of Public Economics, 1994). Our findings support the theoretical argument that sequential contributions result in lower overall provision than...
Persistent link: https://www.econbiz.de/10003824722
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Playing with the good guys : a public good game with endogenous group formation
Brekke, Kjell Arne; Hauge, Karen Evelyn; Lind, Jo Thori; … - 2009
In public good games, voluntary contributions tend to start off high and decline as the game is repeated. If high contributors are matched, however, contributions tend to stay high. We propose a formalization predicting that high contributors will self-select into groups committed to charitable...
Persistent link: https://www.econbiz.de/10003850332
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Voting on punishment systems within a heterogeneous group
Noussair, Charles; Tan, Fangfang - 2009
We consider a voluntary contributions game, in which players may punish others after contributions are made and observed. The productivity of contributions, as captured in the marginal-per-capita return, differs among individuals, so that there are two types: high and low productivity. Every two...
Persistent link: https://www.econbiz.de/10003882556
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Enforcement of contribution norms in public good games with heterogeneous populations
Reuben, Ernesto; Riedl, Arno - 2009
Economic and social interaction takes place between individuals with heterogeneous characteristics. We investigate experimentally the emergence and informal enforcement of different contribution norms to a public good in homogeneous and different heterogeneous groups. When punishment is not...
Persistent link: https://www.econbiz.de/10003871980