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Systems Competition, Vertical Merger and Foreclosure.
Church, J.; Gandal, N. - Eitan Berglas School of Economics, Tel Aviv University - 1996
In this paper we address the possibility of foreclosure in markets where the final good consists of a system composed of a hardware good and compelementary software and the value of the system depends on the availability of software.
Persistent link: https://www.econbiz.de/10005646867
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Merger Profitability in Unionized Oligopoly.
Lommerud, K.E.; Straume, O.R.; Sorgard, L. - 2000
We examine how a merger a .ects wages of unionized labour and, in turn, the profitability of a merger under both Cournot and Bertrand competition. If unions are plant-specific, we find that a merger is more profitable than in a corresponding model with exogenous wages. In contrast to the...
Persistent link: https://www.econbiz.de/10005245549
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Why mergers reduce profits, and raise share prices: A theory of preemptive mergers
FRIDOLFSSON, Sven-Olof; STENNEK, Johan - Faculteit Toegepaste Economische Wetenschappen, … - 1999
We provide a possible explanation for the empirical puzzle that mergers often reduce profits, but raise share prices … derived in an endogenous-merger model, predicting the conditions under which mergers occur, when they occur, and how the …
Persistent link: https://www.econbiz.de/10005350944
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An empirical analysis of the counterfactual: a merger and divestiture in the Australian cigarette industry
Pham, Vivienne; Prentice, David - Volkswirtschaftliche Fakultät, … - 2010
to assess the welfare implications of proposed mergers and partial divestitures. …
Persistent link: https://www.econbiz.de/10008728045
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Economies of Scale and Merger Efficiencies: Empirical Evidence from the Chilean Pension Funds Market
Agostini, Claudio; Saavedra, Eduardo; Willington, Manuel - ILADES, Facultad de Economía y Negocios - 2012
Over the last twenty years there has been a deep concentration process in the Pension Fund Manager (AFPs) industry in Chile (from 21 firms in 1994 to only 6 in 2012). A major concern with the concentration of this industry is that firms might be able to exercise market power. However,...
Persistent link: https://www.econbiz.de/10010723518
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Mergers in Imperfectly Segmented Markets
Baake, Pio; Wey, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
We present a model with firms selling (homogeneous) products in two imperfectly segmented markets (a "high-demand" and …
Persistent link: https://www.econbiz.de/10005026827
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The Insiders' Dilemma: An Experiment on Merger Formation
Lindqvist, Tobias; Stennek, Johan - Nationalekonomiska institutionen, Stockholms Universitet - 2001
mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal split of surplus. …
Persistent link: https://www.econbiz.de/10005190652
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Why Mergers Reduce Profits, and Raise Share-Prices
Fridolfsson, Sven-Olof; Stennek, Johan - C.E.P.R. Discussion Papers - 2000
We explain the empirical puzzle why mergers reduce profits, and raise share prices. If being an 'insider' is better …, since the risk of becoming an outsider is eliminated. We also show that mergers increasing consumers' prices, while …-competitive mergers. These results are derived in an endogenous-merger model, predicting the conditions under which mergers occur, the …
Persistent link: https://www.econbiz.de/10005504698
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Capacity restriction by retailers
Faulí-Oller, Ramón - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2008
A monopolist retailer facing two suppliers producing two symmetric and independent goods improves its bargaining position by commiting to sell only one good. We analyze if this advantage extends to the case where there are two undierentiated retailers competing in the same market. With linear...
Persistent link: https://www.econbiz.de/10005731374
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Mergers by Partial Acquisition
Lindqvist, Tobias - Institutet för Näringslivsforskning (IFN) - 2004
the insiders' dilemma, i.e. profitable mergers do not occur. This strategy may thus be more profitable for a buyer than …
Persistent link: https://www.econbiz.de/10005645314