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arising from the existing system of separate accounting. The blueprints for consolidation are simulated with the applied … consolidation. The gains from consolidation can be fully grasped if it is obliged for all firms and accompanied by harmonisation of …
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This paper introduces the Werden-Froeb Index (WFI) to assist in evaluating merger-specific efficiencies in horizontal mergers. The index measures the weighted average reduction in marginal costs required to restore pre-merger equilibrium prices and quantities after the (full or partial) merger...
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