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The impact of horizontal mergers on market structure : evidence from the semiconductor industry
Siebert, Ralph - 2016
The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger … evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of … dominated mergers. Interestingly, we also find that mergers foreclose potential entry in other product markets and reduce the …
Persistent link: https://www.econbiz.de/10011481190
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Myopic oligopoly pricing
Bos, Iwan; Marini, Marco; Saulle, Riccardo D. - 2021
This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set solution concept and establish the existence of a unique pure-strategy price solution for any given level of capacity. This solution is shown to coincide with the...
Persistent link: https://www.econbiz.de/10012814516
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Does one more or one less mobile operator affect prices? : a comprehensive ex-post evaluation of entries and mergers in European mobile telecommunication markets
Csorba, Gergely; Pápai, Zoltán - 2015
different structural changes between countries to separate the respective effects. Our results show that the effect of entry … lead to misleading conclusions. We find no robust evidence that entry has a price-decreasing effect on markets with … originally 2 operators. However, the entry of a 4th operator does have a price-decreasing effect, but with different dynamics …
Persistent link: https://www.econbiz.de/10011317118
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Horizontal merger analysis with endogenous product range choice
Erkal, Nisvan; Pan, Lijun - 2022
-product firms. Aggregate product variety is determined by product variety choices of multi-product firms and entry/exit decisions of …
Persistent link: https://www.econbiz.de/10012880207
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Does one more or one less mobile opertor affect prices? : a comprehensive ex-post evaluation of entries and mergers in European mobile telecommunication markets
Csorba, Gergely; Pápai, Zoltán - 2013
different structural changes between countries to separate the respective effects. Our results show that the effect of entry … lead to misleading conclusions. We find no robust evidence that entry has a price-decreasing effect on markets with … originally 2 operators. However, the entry of a 4th operator does have a price-decreasing effect, but with different dynamics …
Persistent link: https://www.econbiz.de/10010208984
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Vertical bargaining and retail competition : what drives countervailing power?
Gaudin, Germain - 2015
This paper investigates the effects of mergers, entry, and exit in retail markets when input prices are negotiated …
Persistent link: https://www.econbiz.de/10011334106
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Internal versus external growth in industries with scale economies : a computational model of optimal merger policy
Mermelstein, Ben; Nocke, Volker; Satterthwaite, Mark Allen - 2014
We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can reduce costs through either internal investment in build- ing capital or through mergers. The model, which we solve computationally, allows firms to invest or propose mergers...
Persistent link: https://www.econbiz.de/10011490479
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Vertical bargaining and retail competition : what drives countervailing power?
Gaudin, Germain - 2017
This paper investigates the effects of changes in retail market concentration when input prices are negotiated. Results are derived from a model of bilateral Nash-bargaining between upstream and downstream firms which allows for general forms of demand and retail competition. Whether...
Persistent link: https://www.econbiz.de/10011654786
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Horizontal merger analysis
Kaplow, Louis - 2020
, fails to draw on the most relevant fields of economics; entry is often a misanalyzed afterthought; official information …
Persistent link: https://www.econbiz.de/10012428221
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Merger and collusion in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001
Competition in some product markets takes the form of a contest. If some firms cooperate in such markets, they must decide how to allocate effort on each of their products and whether to reduce the number of their products in the competition. We show how this decision depends on the convexity...
Persistent link: https://www.econbiz.de/10010307019