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Advances in competition economics as well as in computational and empirical methods have offered the scope for the employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is, nevertheless, still a very young and innovative instrument...
Persistent link: https://www.econbiz.de/10010321675
neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported …
Persistent link: https://www.econbiz.de/10010321682
This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. Entry costs faced by potential entrants, fixed costs...
Persistent link: https://www.econbiz.de/10010397677
We examine how globalization affects firms incentives to train workers. In our model, firms invest in productivity-enhancing worker training before Cournot competition takes place. When two separated product markets become integrated and are thus replaced with a market with greater demand and...
Persistent link: https://www.econbiz.de/10010315570
Branche vor allem durch die Höhe der Transaktionskosten. Niedrige Transaktionskosten führen tendenziell zu globalisierten … Märkten, hohe Transaktionskosten zu segmentierten Märkten. Damit kommt den Transaktionskosten eine erhebliche Bedeutung im … Determinanten zu beachten. Zudem sind die Transaktionskosten nur relativ ungenau zu berechnen, weshalb dieser Ansatz nicht allgemein …
Persistent link: https://www.econbiz.de/10010295596
Like other network industries, the European gas supply industry has been liberalised, along the lines of what has been done in the United Kingdom and the United States, by opening up to competition the upstream and downstream segments of essential transmission infrastructure. The aim of this...
Persistent link: https://www.econbiz.de/10011506643
An increasingly important part of contemporary merger control both in the US and the EU is unilateral effects analysis, particularly with regard to oligopolistic mergers. In practice, this requires econometric analyses of past market data and, above all, the construction of simulation models in...
Persistent link: https://www.econbiz.de/10010300228
An increasingly important part of contemporary merger control both in the US and the EU is unilateral effects analysis, particularly with regard to oligopolistic mergers. In practice, this requires econometric analyses of past market data and, above all, the construction of simulation models in...
Persistent link: https://www.econbiz.de/10010265740
The purpose of this paper is to represent in which way a stable and no negligible growth in demand can affect the level of sustainability of collusion. For the European Commission this assumption is seen as a factor that disincentives collusion and pushes to a competitive behavior. This fact...
Persistent link: https://www.econbiz.de/10011335729
oligopoly theory, has become the dominating paradigm both in the U.S. (since the 1990s Post-Chicago movement) and in the EU (so …
Persistent link: https://www.econbiz.de/10010321698