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The effect of horizontal mergers, when firms compete in prices and investments
Motta, Massimo; Tarantino, Emanuele - 2017
It has been suggested that mergers, by increasing concentration, raise incentives to invest and hence are pro-competitive. To study the effects of mergers, we rewrite a game with simultaneous price and cost-reducing investment choices as one where firms only choose prices, and make use of...
Persistent link: https://www.econbiz.de/10011798644
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Paying off the competition : market power and innovation incentives
Li, Xuelin; Lo, Andrew W.; Thakor, Richard T. - 2021 - This Draft: 19 June 2021
subjected these agreements to antitrust litigation, thereby reducing the incentive to enter them. After the ruling, incumbent …
Persistent link: https://www.econbiz.de/10012818283
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Bork's hoax : antitrust and the internet market
Alleman, James H. - 2021
Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His … it to the other side of the market and eliminating producer's surplus - that much needed antitrust action has been … ignored by this narrow criterion. This analysis indicates that antitrust action is long overdue after considering two …
Persistent link: https://www.econbiz.de/10012804859
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Concorrenza di prezzo, essenzialita` ed esternalita` di rete in presenza di beni complementari: nuove soluzioni alla 'Tragedia degli Anticommons'
Alvisi, Matteo - In: Rivista Internazionale di Scienze Sociali 116 (2008) 3, pp. 341-364
The presence of multiple sellers in the provision of (non-substitutable) complementary goods leads to outcomes that are worse than those generated by an integrated monopoly, a problem also known as the «tragedy of the anticommons». In this paper we identify some conditions under which the...
Persistent link: https://www.econbiz.de/10010786928
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One-Way Essential Complements
Chen, M. Keith - 2006
relative to A. Hence, absent strong antitrust or intellectual property protections, the A firm can leverage its monopoly into B …
Persistent link: https://www.econbiz.de/10012732764
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Why the Dynamics of Competition for Online Platforms Leads to Sleepless Nights But Not Sleepy Monopolies
Evans, David S. - 2017
effects and stockpiles of data, and should be the focus of intense antitrust and regulatory scrutiny, are inconsistent with …
Persistent link: https://www.econbiz.de/10012951065
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The Competitive Effects of Common Ownership : Economic Foundations and Empirical Evidence
Kennedy, Pauline - 2017
A large fraction of US public stock is held by institutional investors that frequently hold shares in multiple firms in the same industry ("common ownership"). Concerns have been raised that common ownership might harm competition if it confers influence over important strategic decisions. Using...
Persistent link: https://www.econbiz.de/10012951260
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Can Institutional Investors Soften Downstream Market Competition?
Woodbury, John - 2017
airline and banking industries. If generally true, this evidence could lead to a radical reset of antitrust enforcement policy … in the analysis. While the evidence is still too sparse to justify antitrust action on this front, there can be little … rivalry (and so prices). If so validated, then antitrust policy may well need to hit the "reset" button …
Persistent link: https://www.econbiz.de/10012953360
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The Competitive Effects of Mergers with Cournot Competition
Reisinger, Markus; Zenger, Hans - 2021
This paper provides a full characterization of the price effects of horizontal mergers in the Cournot model with heterogeneous firms and constant returns to scale. We show that the price change brought about by a merger only depends on the smaller merging firm's share and the number of firms,...
Persistent link: https://www.econbiz.de/10013218562
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The Competition Economics of Digital Platforms
Veljanovski, Cento - 2021
This article provides an overview of the competitive issues surrounding online platforms. The general theme is that while much has been made of the structural features of online platforms there is little hard evidence that these are durable monopolies. Nonetheless, there are concerns about the...
Persistent link: https://www.econbiz.de/10013321957