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Market Power, Economic Profitability and Productivity Growth Measurement : An Integrated Structural Approach
Morrison, Catherine J. - 1990
The purpose of this paper is to treat scale economies, profit-maximizing markups, economic profitability, capacity … profitability is prevalent in most industries since the early 1970s. Also, although cost and revenue shares tend to be approximately …
Persistent link: https://www.econbiz.de/10012475678
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Evidence for the Effects of Mergers on Market Power and Efficiency
Blonigen, Bruce A. - 2016
are robust to a range of approaches to address the endogeneity of firms' merger decisions …
Persistent link: https://www.econbiz.de/10012455930
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Does Product Market Competition Reduce Agency Costs?
Jagannathan, Ravi - 2000
The folk wisdom is that competition reduces agency costs. We provide indirect empirical support for this view. We argue … competitive industries, the negative relation between past returns and current leverage will be attenuated. Theory suggests that …
Persistent link: https://www.econbiz.de/10012471296
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How Offshore Financial Competition Disciplines Exit Resistence by Incentive-Conflicted Bank Regulators
Kane, Edward J. - 1999
This paper studies the impact of technological change and regulatory competition on governmental efforts to generate …
Persistent link: https://www.econbiz.de/10012471631
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Antitrust and Competition in Health Care Markets
Gaynor, Martin - 1999
In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a … ways that might affect the optimality of competition. The paper then focuses on the main areas in which antitrust has been …
Persistent link: https://www.econbiz.de/10012471682
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Product Market Synergies and Competition in Mergers and Acquisitions : A Text-Based Analysis
Hoberg, Gerard - 2008
firms exist. (3) Acquiring firms in competitive product markets experience increased profitability, higher sales growth, and …
Persistent link: https://www.econbiz.de/10012464357
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Consolidation of Banks in Japan : Causes and Consequences
Hosono, Kaoru - 2007
We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the government's too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though...
Persistent link: https://www.econbiz.de/10012465251
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Market Power versus Efficiency Effects of Mergers and Research Joint Ventures : Evidence from the Semiconductor Industry
Siebert, Ralph - 2004
Merger control authorities may approve a merger based on a so-called 'efficiency defence'. An important aspect in … clearing mergers is that the efficiencies need to be merger-specific. Joint ventures, and in particular research joint ventures …
Persistent link: https://www.econbiz.de/10012468371
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The Effect of Mergers in Search Market : Evidence from the Canadian Mortgage Industry
Allen, Jason - 2013
We examine the relationship between concentration and price dispersion using variation induced by a merger in the … search costs. Our results show that competition benefits only consumers at the bottom and middle of the transaction price …
Persistent link: https://www.econbiz.de/10012459535
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Generating Evidence to Guide Merger Enforcement
Ashenfelter, Orley C. - 2009
The challenge of effective merger enforcement is tremendous. U.S. antitrust agencies must, by statute, quickly forecast … estimating the price effects of mergers. We also describe how evidence from merger retrospectives can be used to evaluate the …
Persistent link: https://www.econbiz.de/10012463849