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merger links the markets for data collection and data application, through which the digital platform can leverage its market … data application. But insofar as competitors remain active, the merger increases total consumer surplus in both markets by … intensifying competition. When the consumption synergy is large enough, the merger can result in monopolization of both markets …
Persistent link: https://www.econbiz.de/10013242657
We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in … process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether … firms have merger incentives, and, if so, whether such mergers are desirable from the viewpoint of social welfare. We also …
Persistent link: https://www.econbiz.de/10013156465
We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in … process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether … firms have merger incentives, and, if so, whether such mergers are desirable from the viewpoint of social welfare. We also …
Persistent link: https://www.econbiz.de/10003921808
merger links the markets for data collectionand data application, through which the digital platform can leverage its market … competition. Whenthe consumption synergy is large enough, the merger can result in monopolization of bothmarkets, leading to … costs can outweigh static bene ts.We also discuss policy implications by considering various merger remedies. …
Persistent link: https://www.econbiz.de/10012306628
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We investigate what kind of competitive pressure induces existing firms to engage in more intensive innovation activities. We examine two types of competitive pressure: a price decrease in competitive fringe firms and a quality improvement therein. We use an oligopoly model with vertical...
Persistent link: https://www.econbiz.de/10014040261
We provide a theoretical framework to discuss the relation between market size and vertical structure in the railway industry. The framework is based on a simple downstream monopoly model with two input suppliers, labor forces and the rail infrastructure firm. The operation of the downstream...
Persistent link: https://www.econbiz.de/10014042439