Narrow search
Showing 1 - 10 of 161
Cover Image
Trust and contracts : empirical evidence
D'Acunto, Francesco; Xie, Jin; Yao, Jiaquan - 2020
Trust between parties should drive the negotiation and design of contract: if parties did not trust each others' reaction to unplanned events, they might agree to pay higher costs of negotiation to complete contracts. Using a unique sample of U.S. principal-agent consulting contracts and a...
Persistent link: https://www.econbiz.de/10012318377
Cover Image
Acquisition for sleep
Norbäck, Pehr-Johan; Olofsson, Charlotta; Persson, Lars - 2020
are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process …
Persistent link: https://www.econbiz.de/10012162423
Cover Image
Worker-plant matching and ownership change
Balsvik, Ragnhild; Haller, Stefanie - 2019
matched employeremployee data. We observe above average separations of workers around domestic acquisitions. This is … associated with a decline in unobserved worker quality in the plant. Foreign acquisitions are not associated with above average …
Persistent link: https://www.econbiz.de/10012120372
Cover Image
Competition and innovation in automobile markets
Ghosal, Vivek; Ni, Jiayao - 2015
Using data from the US automobile market, we empirically examine the link between competition and innovation. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic importance, market dynamics, and the significant...
Persistent link: https://www.econbiz.de/10011342391
Cover Image
On the effects of mergers on equilibrium outcomes in a common property renewable asset oligopoly
Benchekroun, Hassan; Gaudet, Gérard - 2014
. That includes mergers that are known to be unprofitable in the corresponding static equilibrium framework. …
Persistent link: https://www.econbiz.de/10010434092
Cover Image
Concentration and competition : evidence from Europe and implications for policy
Koltay, Gábor; Lorincz, Szabolcs; Valletti, Tommaso M. - 2022
The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...
Persistent link: https://www.econbiz.de/10013166348
Cover Image
Competition and mergers with strategic data intermediaries
Bounie, David; Dubus, Antoine; Waelbroeck, Patrick - 2021
We analyze competition between data intermediaries collecting information on consumers, which they sell to firms for price discrimination purposes. We show that competition between data intermediaries benefits consumers by increasing competition between firms, and by reducing the amount of...
Persistent link: https://www.econbiz.de/10012628762
Cover Image
Assessing EU merger control through compensating efficiencies
Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021
Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally …. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies … that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the …
Persistent link: https://www.econbiz.de/10012668490
Cover Image
Market concentration in Europe : evidence from antitrust markets
Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021
use a novel database that identifies over 20,000 product/geographic antitrust markets affected by over 2,000 mergers …
Persistent link: https://www.econbiz.de/10012421242
Cover Image
A simple model of mergers and innovation
Federico, Giulio; Langus, Gregor; Valletti, Tommaso M. - 2017
We analyze the impact of a merger on firms' incentives to innovate. We show that the merging parties always decrease their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to reduce overall innovation. Consumers are always worse...
Persistent link: https://www.econbiz.de/10011669398