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Using bankruptcy to reduce foreclosures : does strip-down of mortgages affect the supply of mortgage credit?

Li, Wenli; Ishani, Tewari; White, Michelle J. - 2014 - Current version: February 2014

We assess the credit market impact of allowing mortgage "strip-down" as a foreclosure-prevention measure, where strip … effective foreclosure-prevention program, because it would have only small and transient effects on the supply of mortgage loans. …

Persistent link: https://www.econbiz.de/10010337629

The impact of foreclosure on housing prices

Siebert, Ralph - 2015

The aim of the study is to explain if the foreclosure effect on prices is explained by a lower quality of foreclosed … estimate the impact of foreclosure on home prices in Florida and Indiana from 2000 to 2008. We employ a model of housing demand …-specific quality explains the vast majority of the foreclosure effects on house prices. Our results also show that foreclosed homes in …

Persistent link: https://www.econbiz.de/10010477084

Agricultural trade, biodiversity effects and food price volatility

Bellora, Cecilia; Bourgeon, Jean-Marc - 2015

Biotic factors such as pests create biodiversity effects that increase production risks and decrease land productivity when agriculture becomes more specialized. We show in a Ricardian two-country trade setup that production specialization is incomplete under free trade because of the decrease...

Persistent link: https://www.econbiz.de/10011286489

Firm heterogeneity and credit risk diversification

Hanson, Samuel G. (contributor); … - 2005

This paper considers a simple model of credit risk and derives the limit distribution of losses under different assumptions regarding the structure of systematic and idiosyncratic risks and the nature of firm heterogeneity. The theoretical results obtained indicate that if firm-specific risk...

Persistent link: https://www.econbiz.de/10003120648

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 firms in the markets. We empirically test this aspect of...

Persistent link: https://www.econbiz.de/10011481190

When backward integration by a dominant firm improves welfare

Linnemer, Laurent - 2002

This paper studies the welfare consequences of a vertical merger that raises rivals costs when downstream competition is à la Cournot between firms with constant asymmetric marginal costs. The main result is that such a vertical merger can nevertheless improve welfare if it involves a...

Persistent link: https://www.econbiz.de/10011410253

Non-horizontal mergers with investments into compatibility

Langus, Gregor; Lipatov, Vilen; Padilla, Atilano Jorge - 2019

We set up a model to analyze the effects of mergers between sellers of complementary components where firms invest in compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also analyse when the merged firm may have an incentive...

Persistent link: https://www.econbiz.de/10012001659

25 years of European merger control

Affeldt, Pauline Luise; Duso, Tomaso; Szücs, Florian - 2020

, barriers to entry, and foreclosure – were applied over time and across different dimensions such as the geographic market … foreclosure. These patterns are not changing over time. The role of the structural indicators in explaining competitive concerns …

Persistent link: https://www.econbiz.de/10012200178

The evolution of theories of harm in EU merger control

Duso, Tomaso; Bernhardt, Lea; Piechucka, Joanna - 2024

vertical Theories of Harm focusing on foreclosure issues are now much more common and are a standard tool in most in …

Persistent link: https://www.econbiz.de/10014583802

Bankruptcy : is it enough to forgive or must we also forget?

Elul, Ronel (contributor); Gottardi, Piero (contributor) - 2008

Persistent link: https://www.econbiz.de/10003712514

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