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is slightly better than that of the questionnaire, but lower than expected in theory. Interestingly, for those subgroups …
Persistent link: https://www.econbiz.de/10003540253
We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic … competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may … of government. With an unbiased competition agency we find that the foreign takeover is more likely to occur the higher …
Persistent link: https://www.econbiz.de/10003597575
The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market structure is rare. The 1952 breakup of Germany's leading chemical company, IG Farben, represents such a disruption. After the Second World War, the Allies occupying Germany imposed...
Persistent link: https://www.econbiz.de/10013358717
.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …
Persistent link: https://www.econbiz.de/10012213951
Evidence suggests that hospital mergers can reduce costs but less is known about their effects on patient outcomes. We study how a wave of mergers that led to the shutdown of one third of all Swedish maternity wards affected the health of mothers who gave birth and their newborns. Applying a...
Persistent link: https://www.econbiz.de/10011903951
Persistent link: https://www.econbiz.de/10001948621
We introduce a simple oligopolistic trade model with international transportation costs, and analyze the profitability and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of trade freeness, (ii) the possibility of rent...
Persistent link: https://www.econbiz.de/10003355552
The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft … that a stricter threshold may be warranted in labor markets. The post-merger Herfindahl-Hirschman Index (HHI) that defines …) Explicitly addressing monopsony in the draft guidelines is grounded in economic theory and empirical research. (2) Workers …
Persistent link: https://www.econbiz.de/10014335050
We study the restructuring of the labor force after mergers and acquisitions. Overall restructuring is large. Net employment of targets declines by more than half within two years after acquisitions relative to a matched sample, and is concentrated in targets that close all establishments. There...
Persistent link: https://www.econbiz.de/10012519948
The merger of populations expands the comparison space of incomes. As a result, measures of the income-based social …
Persistent link: https://www.econbiz.de/10014534625