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Non-price effects of mergers and acquisitions
Haucap, Justus; Stiebale, Joel - 2023
In this paper, we summarize the economic literature on non-price effects of mergers and acquisitions (M&As). Specifically, we discuss the effects of M&As on innovation, product variety, and sustainability. Although the relationship is theoretically ambiguous, the vast majority of ex-post...
Persistent link: https://www.econbiz.de/10014310467
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Search costs in concentrated markets : an experimental analysis
Möllers, Claudia; Stühmeier, Torben; Wenzel, Tobias - 2016
This paper experimentally studies the role of search cost in duopoly markets where sellers may be able to coordinate … pricing decisions. We vary the level of search cost and whether sellers can communicate. While we find that consumers are more … likely to invest in search when cost is reduced, we find that a reduction of search cost does not influence prices. This …
Persistent link: https://www.econbiz.de/10011555151
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Drip pricing and its regulation : experimental evidence
Rasch, Alexander; Thöne, Miriam; Wenzel, Tobias - 2018
lowest total price, and few consumers invest in drip-price search. A comparison with Bertrand competition reveals significant …
Persistent link: https://www.econbiz.de/10011892971
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Do short-term laboratory experiments provide valid descriptions of long-term economic interactions? : a study of Cournot markets
Normann, Hans-Theo; Requate, Tilman; Waichman, Israel - 2013
One key problem regarding the external validity of laboratory experiments is their duration: while economic interactions out in the field are often lengthy processes, typical lab experiments only last for an hour or two. To address this problem for the case of both symmetric and asymmetric...
Persistent link: https://www.econbiz.de/10009775683
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Rising markups, common ownership, and technological capacities
Gibbon, Alexandra J.; Schain, Jan Philip - 2020
This paper analyses the impact of common ownership on markups and innovation and adds to the discussion of the recently observed patterns of a long term rise in market power. We shed light on the inconclusiveness of results regarding the effects of common ownership on markups in the existing...
Persistent link: https://www.econbiz.de/10012224881
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Attention-driven demand for bonus contracts
Dertwinkel-Kalt, Markus; Köster, Mats; Peiseler, Florian - 2018
In many markets supply contracts include a series of small, regular payments made by consumers and a single, large bonus that consumers receive at some point during the contractual period. But, if for instance its production costs exceed its value to consumers, such a bonus creates...
Persistent link: https://www.econbiz.de/10011917562
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Demand estimation with selection bias : a dynamic game approach with an application to the US railroad industry
Coublucq, Daniel - 2013
This paper is motivated by the US freight railroad industry, which is characterized by a major restructuring over the last 30 years. In particular, the number of active firms decreased from 26 in 1978 to seven in 2006 due to several takeover waves. The empirical focus concerns the estimation of...
Persistent link: https://www.econbiz.de/10009753344
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Consumer myopia, competition and the incentives to unshroud add-on information
Wenzel, Tobias - 2013
This paper studies unshrouding decisions in a framework similar to Gabaix and Laibson (2006), but considers an alternative unshrouding mechanism where the impact of advertising add-on information depends on the number of unshrouding firms. We show that shrouding becomes less prevalent as the...
Persistent link: https://www.econbiz.de/10010223577
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Gains from patent protection : innovation, market power and cost savings in India
Gupta, Apoorva; Stiebale, Joel - 2024
We study the effect of stronger patent protection on innovation activities of firms and firm-product level markups. Relying on cross-industry differences in the use of patents, we exploit firm-level variation in exposure to India's patent reform. For firms more exposed to stronger patent...
Persistent link: https://www.econbiz.de/10014533280
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Reputation and foreclosure with vertical integration : experimental evidence
Möllers, Claudia - 2016
foreclose the input market.an outcome that would otherwise not be tenable due to a commitment problem. I get three main results …
Persistent link: https://www.econbiz.de/10011555141