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Horizontal merger analysis
Kaplow, Louis - 2020
Economic analysis of competition regulation is most developed in the domain of horizontal mergers, and modern agency guidelines reflect a substantial consensus on the appropriate template for merger assessment. Nevertheless, official protocols are understood to rest on a problematic market...
Persistent link: https://www.econbiz.de/10012428221
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Horizontal Mergers, Entry and Efficiency Defences
Spector, David M. - 2003
marginal costs are nondecreasing, any profitable merger failing to generate technological synergies must harm consumers through …
Persistent link: https://www.econbiz.de/10014035311
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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
computationally, allows firms to invest or propose mergers according to the relative profitability of these strategies. An antitrust … authority is able to block mergers at some cost. We examine the optimal policy when the antitrust authority can commit to a … antitrust authority. We find that optimal policy can differ substantially from what would be best considering only welfare in …
Persistent link: https://www.econbiz.de/10011490479
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Cliff Discounts by a Dominant Producer Threatened by Partial Entry
Salinger, Michael A. - 2015
I analyze cliff discounts when an incumbent monopolist faces competition from a competitor that can compete for a portion (but not all) of the market, and compare them with both simple pricing and pricing formulas in which the incumbent can cut prices just in the competitive portion of the...
Persistent link: https://www.econbiz.de/10013025558
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Endogenous Communication and Tacit Coordination in Market Entry Games – An Explorative Experimental Study
Andersson, Ola; Holm, Håkan J. - 2011
This paper explores the effects of communication in market entry games experimentally. It is shown that communication increases coordination success substantially and generate inferior outcomes for consumers when market entry costs are symmetric. Such effects are not observed when costs are...
Persistent link: https://www.econbiz.de/10014178729
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Failing firm defence with entry deterrence
Fedele, Alessandro; Tognoni, Massimo - In: Bulletin of economic research 62 (2010) 4, pp. 365-386
Persistent link: https://www.econbiz.de/10008666207
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Mergers, Entry, and Consumer Welfare
Caradonna, Peter - 2020
We analyze mergers and entry in a differentiated products oligopoly model of price competition. Any merger that does not yield efficiencies is unprofitable if it induces entry sufficient to preserve pre-merger consumer surplus. Thus, mergers occur in equilibrium only if barriers limit entry....
Persistent link: https://www.econbiz.de/10012841701
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Parallel Exclusion
Hemphill, C. Scott - 2015
a market — should be considered a violation of antitrust law. But there has been a comparative neglect of the importance …
Persistent link: https://www.econbiz.de/10013037324
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Entry and Competition in Differentiated Products Markets
Schaumans, Catherine; Verboven, Frank - 2011
We propose a methodology for estimating the competition effects from entry when firms sell differentiated products. We first derive precise conditions under which Bresnahan and Reiss' entry threshold ratios (ETRs) can be used to test for the presence and to measure the magnitude of competition...
Persistent link: https://www.econbiz.de/10014183337
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Merger, Product Variety and Firm Entry : The Retail Craft Beer Market in California
Fan, Ying - 2020
We study the effects of merger on firm entry, product variety and prices in the retail craft beer market in California. We develop a new method to estimate multiple-discrete choice models in order to recover fixed costs. The method is based on bounds of conditional choice probabilities and does...
Persistent link: https://www.econbiz.de/10012824640