Showing 1 - 10 of 932
We study the pass-through of indirect taxes on beer prices in the European Union (EU). Exploiting the variation of … value added tax rates, beer excise tax rates, and beer prices in a panel of monthly data from 1996 to 2016 of all current 28 … EU member states, we estimate the tax pass-through of specific beer excise taxes and ad valorem value added taxes (VAT …
Persistent link: https://www.econbiz.de/10012002860
Most retrospective merger studies resort to the treatment effect approach, comparing the price dynamics in a treatment … thus that seemingly distant entities may be affected through indirect channels. An illustration based on a merger in the … Parisian parking market is provided. -- merger retrospective analysis ; treatment effect models …
Persistent link: https://www.econbiz.de/10008757537
contribute, on average, 20% of the total merger value added. Moreover, we find that multimarket efficiency gains dominate …Merger value is frequently evaluated in single market contexts without considering possible gains stemming from firms … multimarket firms create incremental value. We establish a simple theoretical model that determines merger value in a multimarket …
Persistent link: https://www.econbiz.de/10011549386
We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of …. We show that often stable mergers do not lead to more e.ciency and may even lead to efficiency losses. These mergers lead … to lower total welfare, suggesting that a regulator should be careful in assuming that possible efficiency gains of a …
Persistent link: https://www.econbiz.de/10011507904
We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … and decreases wholesale prices when downstream competition is not too strong. Examining whether the merger’s potential …
Persistent link: https://www.econbiz.de/10010484491
Persistent link: https://www.econbiz.de/10003364183
that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax. …
Persistent link: https://www.econbiz.de/10012668490
efficient firms are active. This is likely to lead to price increases, rather than decreases. …
Persistent link: https://www.econbiz.de/10003857130
drivers of the administration and delivery efficiency of coronavirus vaccines. For this purpose, we use data from the 50 US … economic prosperity and rural population aid vaccine administration and delivery efficiency. Delivery efficiency improves in … health workers, including physicians and nurses, did not significantly impact administration or efficiency. On the other hand …
Persistent link: https://www.econbiz.de/10012494792
neglected. In this paper we analyze the within country location-target selection of M&As in the USA. Extending Guadalupe (2012 … the USA for the period 1985-2012, we compare location choices of cross-border M&As to that of national M&As. We find that … across the USA than national M&As, and that for both forms of M&As location specific market access in the USA as well as …
Persistent link: https://www.econbiz.de/10010515424