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Do cartel breakdowns induce mergers? : evidence from EC cartel cases
Hüschelrath, Kai; Smuda, Florian - 2013
breakdowns with the three years afterwards. Second, for the subset of horizontal mergers, merger activity is found to increase … should consider mergers as potential ‘second-best’ alternative to cartels but also imply that resource (re)allocations in …
Persistent link: https://www.econbiz.de/10009751721
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Determinants of acquisition and failure : stylized facts and lessons for empirical studies
Köke, F. Jens - 2001
, we find that the industry distribution is significantly different for failure and acquisitions. This calls for some kind …
Persistent link: https://www.econbiz.de/10011446202
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Cartel overcharges and the deterrent effect of EU competition law
Smuda, Florian - 2012
This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment on the magnitude of overcharges is analyzed. The...
Persistent link: https://www.econbiz.de/10009572459
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Ownership and control in a competitive industry
Karle, Heiko; Klein, Tobias J.; Stahl, Konrad - 2011
We study a differentiated product market in which an investor initially owns a controlling stake in one of two competing firms and may acquire a non-controlling or a controlling stake in a competitor, either directly using her own assets, or indirectly via the controlled firm. While industry...
Persistent link: https://www.econbiz.de/10009424133
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Reassessing competition concerns in electronic communications markets
Peitz, Martin; Valletti, Tommaso M. - 2014
Central features of today’s electronic communications markets are complementarities between the different layers of the value chain, substitutability between some applications, network effects in the provision of content and services, two-sided business models that partly involve indirect...
Persistent link: https://www.econbiz.de/10010437054
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Estimating consumer damages in cartel cases
Laitenberger, Ulrich; Smuda, Florian - 2013
We use consumer panel data to calculate the damage suffered by German consumers due to a detergent cartel that was active between 2002 and 2005 in eight European countries. Applying before-and-after and difference-in-differences estimations we find average overcharges between 6.7 and 6.9 percent...
Persistent link: https://www.econbiz.de/10010128730
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Minority share acquisitions and collusion : evidence from the introduction of national leniency programs
Heim, Sven; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017
agreements and study the effect that the introduction of an LP has on horizontal MS acquisitions. Using data from 63 countries … over the period 1990-2013, we find a large increase in horizontal MS acquisitions in the year in which an LP is introduced … levels of corruption and only when the acquisitions involve stakes of 10%-20%. These results suggest that MS acquisitions may …
Persistent link: https://www.econbiz.de/10011730845
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On the formation of coalitions to provide public goods : experimental evidence from the lab
Dannenberg, Astrid; Lange, Andreas; Sturm, Bodo - 2010
The provision of public goods often relies on voluntary contributions and cooperation. While most of the experimental literature focuses on individual contributions, many real-world problems involve the formation of institutions among subgroups (coalitions) of players. International agreements...
Persistent link: https://www.econbiz.de/10003969890
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Cooperation in international environmental negotiations due to a preference for equity
Lange, Andreas; Vogt, Carla - 2001
This paper demonstrates that cooperation in international environmental negotiations can be explained by preferences for equity. Within a N-country prisoner's dilemma in which agents can either cooperate or defect, in addition to the standard non-cooperative equilibrium, cooperation of a large...
Persistent link: https://www.econbiz.de/10011445929
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The impact of equity-preferences on the stability of heterogeneous international agreements
Lange, Andreas (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002137140