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this, the UK government has pursued an active policy of hospital merger. These mergers are initiated by a regulator, acting … on behalf of the public, and justified on the grounds that merger will improve outcomes. We examine whether this promise … involved in a merger, but that politics means that selection for a merger may be random with respect to future performance. We …
Persistent link: https://www.econbiz.de/10013118244
appliance markets most affected by the merger to markets where concentration changed much less or not at all. We estimate price …
Persistent link: https://www.econbiz.de/10013119784
We estimate a bargaining model of competition between hospitals and managed care organizations (MCOs) and use the estimates to evaluate the effects of hospital mergers. We find that MCO bargaining restrains hospital prices significantly. The model demonstrates the potential impact of coinsurance...
Persistent link: https://www.econbiz.de/10013085491
industry merger and acquisition activity. All of these effects are stronger for smaller firms than for larger firms …
Persistent link: https://www.econbiz.de/10013065561
The 2010 Department of Justice and Federal Trade Commission Horizontal Merger Guidelines lay out a new standard for … cases in which the GUPPI would imply increased regulatory scrutiny of a proposed merger …
Persistent link: https://www.econbiz.de/10013071901
banks in individual EU countries help to explain the nature of cross-border merger activity. If they wish to protect …
Persistent link: https://www.econbiz.de/10013150440
Despite the fact that one-third of worldwide mergers involve firms from different countries, the vast majority of the academic literature on mergers studies domestic mergers. What little has been written about cross-border mergers has focused on public firms, usually from the United States. Yet,...
Persistent link: https://www.econbiz.de/10013158052
In this paper we propose a method to evaluate the effectiveness of U.S. horizontal merger policy and apply it to the … merger had little effect …
Persistent link: https://www.econbiz.de/10012772377
Focusing on takeover bids whose outcome can be predicted in advance with certainty, Grossman and Hart established the proposition, which subsequent work accepted, that successful bids must be made at or above the expected value of minority shares. This proposition provided the basis for Grossman...
Persistent link: https://www.econbiz.de/10012774564
In a corporate freeze-out, the controller is required to compensate minority shareholders for the no-freezeout value of their shares that are taken from them. This paper seeks to highlight the difficulties involved in determining this no-freezeout value when private information. In particular,...
Persistent link: https://www.econbiz.de/10012774877