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Anti- versus Pro-Competitive Mergers
Fridolfsson, Sven-Olof - 2007
In a framework where mergers are mutually excluding, I show that firms pursue anti- rather than (alternative) pro-competitive mergers. Potential outsiders to anti-competitive mergers refrain from pursuing pro-competitive mergers if the positive externalities from anti-competitive mergers are...
Persistent link: https://www.econbiz.de/10010320066
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Output Commitment through Product Bundling: Experimental Evidence
Hinloopen, Jeroen; Mueller, Wieland; Normann, Hans-Theo - 2011
order of moves in the duopoly market. Our data indicate support for the theory of product bundling: with bundling and … theory bundling should not make a difference here. In sum, bundling works as a commitment device that enables the transfer of …
Persistent link: https://www.econbiz.de/10010326151
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Predatory Exclusive Dealing
Klein, Joachim; Zenger, Hans - 2009
While the previous literature on exclusive dealing has been concerned with the question of how exclusive dealing can raise static profits, this paper analyzes the question of how exclusive dealing can be used to predate in a dynamic context. It is shown that exclusive dealing may arise even if...
Persistent link: https://www.econbiz.de/10010427547
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Cartel Sustainability and Cartel Stability
Escrihuela-Villar, Marc - 2004
The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive … agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this … result on the incentives of firms to participate in a cartel. Firms will be more willing to participate because otherwise …
Persistent link: https://www.econbiz.de/10011324920
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Merger without cost advantages
Huck, Steffen; Konrad, Kai A.; Mueller, Wieland - 2005
The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many strategic aspects matter for firm competition such as...
Persistent link: https://www.econbiz.de/10010261187
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Waiting to merge
Fumagalli, Eileen; Nilssen, Tore - 2008
We set up a sequential merger game to study a firm's incentives to pass up on an opportunity to merge with another firm. We find that such incentives may exist when there are efficiency gains from a merger, firms are of different sizes, there is an antitrust authority present to approve mergers,...
Persistent link: https://www.econbiz.de/10010285594
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The Pro-collusive Effect of Increased Cartel Detection Probabilities
Hinloopen, Jeroen - 2004
An increase in cartel discovery probability due to irregular price movements that result from cartel defection is shown … to increase cartel stability as short-run defection profits are less likely to be earned. …
Persistent link: https://www.econbiz.de/10010325447
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Smart entry in local retail markets for electricity and natural gas
Bartholomae, Florian W.; Morasch, Karl; Tóth, Rita Orsolya - 2009
mit einer festen Marge dem traditionellen Eintritt mit anschließendem Preiswettbewerb überlegen ist, da dem etablierten …
Persistent link: https://www.econbiz.de/10010300418
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Strategic delegation improves cartel stability
Han, Martijn A. - 2012
cartel stability. …
Persistent link: https://www.econbiz.de/10010318791
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Cartel Stability and Economic Integration
Schröder, Philipp J. H. - 2004
, unit, fixed. It is shown that for a sufficient reduction of ad valorem trade costs, a cartel supported by collusion on … unit (fixed) trade costs a price setting cartel is strengthened (unaffected), while a quantity setting one is weakened. …
Persistent link: https://www.econbiz.de/10010276555