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neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported …) decrease in labour demand due to merger-specific synergies and derive welfare effects. We find that efficiency benefits from …-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …
Persistent link: https://www.econbiz.de/10003836388
effects. -- merger simulation ; merger control ; antitrust ; oligopoly theory ; auction models ; mergers & acquisitions … employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems …
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This paper uses an endogenous merger formation approach in a concentrated international oligopoly to examine the … effects of trade liberalization on the nature of merger incentives (national vs. international). The effects of unilateral … liberalization has been accompanied by an increase in international merger activity. Among equilibrium market structures …
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merger and acquisition strategies have been very important factors in their growth. Market dominance by big platforms has led … to competition concerns that are difficult to assess with current merger policy tools. In this paper, we examine the … discuss the main merger and acquisition theories of harm that can restrict market competition and reduce consumer welfare. To …
Persistent link: https://www.econbiz.de/10012433815
It is widely believed that vertical integration in an environment without foreclosure, or more generally without any mechanism that restricts competition among firms, raises the welfare of consumers. In this paper we show that this can be overturned in a standard setting. We consider a vertical...
Persistent link: https://www.econbiz.de/10012065154