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Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger policy effectiveness, which is based on standard...
Persistent link: https://www.econbiz.de/10008822615
shocks that increase concentration will also lead to an increase in wage dispersion between firms. Empirically, we use …-tically significant correlation between concentration and between-firm wage inequality, driven by increases in market shares and wages in …
Persistent link: https://www.econbiz.de/10012257969
Persistent link: https://www.econbiz.de/10014288199
, semi-nonparametric econometric model of competition in such markets, examines its testable implications in terms of price-concentration … relationships, and demonstrates that the model is non-parametrically identified. This general approach to price-concentration …
Persistent link: https://www.econbiz.de/10014048984
, semi-nonparametric econometric model of competition in such markets, examines its testable implications in terms of price-concentration … relationships, and demonstrates that the model is non-parametrically identified. This general approach to price-concentration …
Persistent link: https://www.econbiz.de/10003963244
, semi-nonparametric econometric model of competition in such markets, examines its testable implications in terms of price-concentration …
Persistent link: https://www.econbiz.de/10003920927
, semi-nonparametric econometric model of competition in such markets, examines its testable implications in terms of price-concentration … relationships, and demonstrates that the model is non-parametrically identified. This general approach to price-concentration …
Persistent link: https://www.econbiz.de/10013132084
Persistent link: https://www.econbiz.de/10011791327
concentration at the top, but a lower aggregate markup. Our quantitative analysis reveals large welfare and efficiency losses due to … (mis)allocation of customers across firms. By increasing market concentration among the most productive firms, the …
Persistent link: https://www.econbiz.de/10012300240
Persistent link: https://www.econbiz.de/10012026009