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Quantifying the scope for efficiency defense in merger control : the Werden-Froeb-Index
Goppelsroeder, Marie; Schinkel, Maarten-Pieter; … - 2006
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 is consummated. The WFI is well defined, objective and robust, and it …
Persistent link: https://www.econbiz.de/10011349182
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Single-till versus dual-till regulation of airports
Czerny, Achim Ingo; Zhang, Anmin - 2015
Most airports operate under public ownership, while some are privatized and economically regulated. Only a few airports are privately owned and experience little or no ex-ante regulation of airport charges. On the other hand, airports nowadays earn as much revenue from transport-related...
Persistent link: https://www.econbiz.de/10010510068
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Platform intermediation in a market for differentiated products
Galeotti, Andrea; Moraga-González, José Luis - 2008
Persistent link: https://www.econbiz.de/10003690010
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Platform intermediation in a market for differentiated products
Galeotti, Andrea; Moraga-González, José Luis - 2008 - Rev.: February 2008
that the monopoly platform does not introduce distortions over and above those arising from the market power of the …
Persistent link: https://www.econbiz.de/10011374421
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Monopsony power, income taxation and welfare
Hummel, Albert Jan - 2021
equity-efficiency trade-off that occurs because the government does not observe ability, but at the expense of exacerbating …
Persistent link: https://www.econbiz.de/10012545131
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Search costs, demand-side economies and the incentives to merge under Betrand competition
Moraga-González, José Luis; Petrikaite, Vaiva - 2012
Persistent link: https://www.econbiz.de/10009722700
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Aftermarket welfare and procurement auctions
Karamychev, Vladimir A. - 2023 - This Version: December 17, 2023
Aftermarket social welfare is largely determined by a procurement auction design. Auctions select firms for operating aftermarkets, and auctions may also impose restrictions on aftermarket prices the winner can charge. This paper compares aftermarket social welfare generated by first-price and...
Persistent link: https://www.econbiz.de/10014446446
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Efficiency effects of bank mergers and acquisitions
Huizinga, Harry; Nelissen, Jan H. M.; Vander Vennet, Rudi - 2001
, while therelative degree of profit efficiency improves only marginally.We do not find any evidence that merging banks are … paperanalyzes the efficiency effects of 52 horizontal bank mergersover the period 1994-1998, i.e. the period immediately … banking.The dynamic merger analysis indicates that the cost efficiencyof merging banks is positively affected by the merger …
Persistent link: https://www.econbiz.de/10011317440
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Double limit pricing
Meijden, Gerard van der; Ryszka, Karolina; Withagen, Cees - 2015
We study resource extraction by a non-renewable resource supplier who faces demand from two regions, one of which employs a tax on the imported resource and a subsidy on the available backstop technology, and one that has no environmental policy in place. The resource extraction path possibly...
Persistent link: https://www.econbiz.de/10011431423
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A theory of continuous uncertainty types
Czerny, Achim Ingo; Verhoef, Erik T.; Zhang, Anming - 2015
affects the optimal price/price markup or optimal quantity. A monopoly example is used to show that seemingly strong … uncertainty types can lead to quite special results. Monopoly examples of the newsboy problem type are further used to show that …
Persistent link: https://www.econbiz.de/10010532588