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Mergers realize heterogeneous competitive effects on profits, production, and prices. To date, it is unclear whether differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger studies conventionally assume that, conditional on...
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the 2023 Global Forum on Competition on 7-8 December 2023, …
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-border acquisition, show different productivity levels as compared to those firms that have not been acquired. Our identification … firms' balance sheet for the years 2008-2018. We find that cross-border acquisitions decrease the productivity of the … targeted by acquirers originating in emerging market economies also decrease productivity of high-tech target firms. …
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(Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups …
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contribution is two-fold. First, we expand the theory of granularity to encompass the Bertrand competition frequently used in …
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