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Hidalgo, Marisa Hidalgo; Blanes, Guadalupe Valera - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2013

There is a recent tendency toward encouraging universities to merge. This policy is based on the idea that mergers … may reduce competition for both research funds and professors. This paper analyzes whether or not mergers among … potential merger institutions in terms of their reputation the greater the amount of funds needed to make mergers profitable. …

Persistent link: https://www.econbiz.de/10010860702

- DELEGATION AND MERGERS IN OLIGOPOLY

Cuñat, Javier M. López; González-Maestre, Miguel - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

In this paper we analyze the effect strategic delegation on the profitability of mergers in the context of a Cournot …

Persistent link: https://www.econbiz.de/10005212556

- MERGERS BETWEEN ASYMMETRIC FIRMS: PROFITABILITY AND WELFARE

Faulí-Oller, Ramón - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998

Using only information on the degree of concavity of demand and observable structural variables as the market share of firms, a necessary and sufficient condition for a merger to increase welfare is derived. On the profitability side, we obtain that when market size decreases merger...

Persistent link: https://www.econbiz.de/10005212610

Mergers for market power in a cournot setting and merger guidelines

Faulí-Oller, Ramón - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1996

The US Merger Guidelines consider that the anticompetitive effect of a horizontal merger is increasing in the initial market concentration and decreasing in the elasticity of demand. These ideas are studied in a setting where identical firms compete à la Cournot and marginal cost is constant....

Persistent link: https://www.econbiz.de/10008542860

HORIZONTAL MERGERS FOR BUYER POWER

Faulí-Oller, Ramón; Martínez, Lluís Bru - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2003

Salant et al. (1983) showed in a Cournot setting that horizontal mergers are unprofitable because outsiders react by … increasing their output. We show that this negative effect may be compensated by the positive effect that horizontal mergers have …

Persistent link: https://www.econbiz.de/10005731353

Capacity restriction by retailers

Faulí-Oller, Ramón - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2008

A monopolist retailer facing two suppliers producing two symmetric and independent goods improves its bargaining position by commiting to sell only one good. We analyze if this advantage extends to the case where there are two undierentiated retailers competing in the same market. With linear...

Persistent link: https://www.econbiz.de/10005731374

On merger profitability in a cournot setting

Faulí-Oller, Ramón - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1997

In a setting where symmetric firms compete a la Cournot and costs are linear, the degree of concavity is identified as the main determinant of merger profitability. This allows to generalize the results in Salant et al (1983) and Cheung (1992).

Persistent link: https://www.econbiz.de/10005731382

Mergers of retailers with limited selling capacity

Faulí-Oller, Ramón - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009

We consider two (symmetric) upstream firms producing independent goods that sell to consumers through symmetric retailers. The distinguishing feature of retailers is that they have a selling capacity, in the sense, that there is an upper limit in the total units of the two goods they can sell....

Persistent link: https://www.econbiz.de/10008602630

Downstream mergers in a vertically differentiated unionized oligopoly

Sánchez, Borja Mesa - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2010

locked in a bilateral monopoly, the pattern of downstream mergers is investigated. In such a setting, a downstream merger … are. However, it turns out that most of the market structure equilibria consist of mergers among differentiated producers …. I find that firms’ strategic behaviour impedes mergers between similar producers, avoiding that input prices fall to …

Persistent link: https://www.econbiz.de/10008683550

MERGERS IN ASYMMETRIC STACKELBERG MARKETS

Faulí-Oller, Ramón; Escrihuela, Marc - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2007

It is well known that the profitability of horizontal mergers with quantity competition is scarce. However, in an … asymmetric Stackelberg market we obtain that some mergers are profitable. Our main result is that mergers among followers become …

Persistent link: https://www.econbiz.de/10005515890