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When commodity prices rise, wholesalers and retailers of products derived from basic commodities respond by passing along at least a portion of the price increase to consumers. In this paper we examine whether firms respond differently to positive commodity price shocks than to negative...
Persistent link: https://www.econbiz.de/10010582616
We analyze the optimal dynamic policy of an antitrust authority towards horizontal mergers when merger proposals are endogenous and occur over time. Approving a currently proposed merger will affect the profitability and welfare effects of potential future mergers, the characteristics of which...
Persistent link: https://www.econbiz.de/10005656370
Recent years have witnessed an increased interest, by competition agencies, in assessing the competitive effects of partial acquisitions. We propose an empirical structural methodology to examine quantitatively the unilateral impact of partial acquisitions involving pure financial interests...
Persistent link: https://www.econbiz.de/10011084091
The growth of private-equity investment strategies in which firms often hold partial ownership interests in competing firms has led competition agencies to take an increased interest in assessing the competitive effects of partial horizontal acquisitions. We propose a methodology to evaluate the...
Persistent link: https://www.econbiz.de/10011084532
This paper deals with the issue of transparency in the pricing process for motor fuels, vis-à-vis the collusion charges between oil companies (for which no evidence is found) and the «myth» of «one» national price for motor fuels. Such an approach ignores both the competition between oil...
Persistent link: https://www.econbiz.de/10011259029
Does competition spur productivity? And if so, how does it accomplish this? These have long been regarded as central questions in economics. This article reviews the literature that makes progress toward answering both questions.
Persistent link: https://www.econbiz.de/10009226034
consumer prices too high and thereby limiting demand for coffee beans. The purpose of this study is to test if this is case in … between the variables with cointegration analysis, and then to estimate a system of equations for demand and pricing behavior …
Persistent link: https://www.econbiz.de/10005190940
The purpose of this paper is to evaluate the role of prices in determining demand for roasted coffee in Sweden. This is … consumer prices would increase demand for coffee beans. Coffee demand is estimated on data for the period 1968-2002. In the … long run, changing preferences appear to determine demand for roasted coffee, and a reduction in consumer prices would only …
Persistent link: https://www.econbiz.de/10005651779
El propósito de este trabajo es analizar la viabilidad de la utilización del Índice de Oferta Residual (IOR) en el pool eléctrico en Colombia para promover la competencia. A partir de la revisión de la literatura relacionada con las experiencias internacionales respecto a los mecanismos...
Persistent link: https://www.econbiz.de/10010762856
“incontestable” and “contestable” demand for the same good. …
Persistent link: https://www.econbiz.de/10010938600