Showing 1 - 10 of 91
find interesting results linking patents to GM's bankruptcy, the Daimler-Chrysler merger, environmental regulations …
Persistent link: https://www.econbiz.de/10011342391
effects of a merger of a subset of the agents. We study the impact of the merger on the equilibrium production strategies, on … the steady states, and on the profitability of the merger for its members. We show that there exists an interval of the … asset's stock such that any merger is profitable if the stock at the time the merger is formed falls within that interval …
Persistent link: https://www.econbiz.de/10010434092
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
competition between firms, and by reducing the amount of consumer data collected. We argue that merger policy guidelines should …
Persistent link: https://www.econbiz.de/10012628762
that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the …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 …
Persistent link: https://www.econbiz.de/10012668490
use a novel database that identifies over 20,000 product/geographic antitrust markets affected by over 2,000 mergers … scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10012421242
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 off after a merger. Our model calls into question the applicability of …
Persistent link: https://www.econbiz.de/10011669398
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 …
Persistent link: https://www.econbiz.de/10012001659
claim by studying the effect of a national merger between two large Dutch supermarket chains on prices and on the depth as … merger's effects, controlling for selection on observables when defining our control group through a matching procedure. We … show that the local change in competitive conditions due to the merger did not affect individual products' prices but it …
Persistent link: https://www.econbiz.de/10011846229
This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … investigated mergers and whether a more effective merger control regime can be achieved within the current legal framework. … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions …
Persistent link: https://www.econbiz.de/10012138666