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We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … efficiency gains can overcome its anti-competitive effects in terms of welfare, we show that when firms merge usually both of the …
Persistent link: https://www.econbiz.de/10010484491
We study competition in the German interurban bus industry two years after its liberalization in January 2013. In addition to a brief characterization of the liberalization process and several general market developments, we provide a detailed analysis of selected market characteristics such as...
Persistent link: https://www.econbiz.de/10011316405
theory of harm, and possible efficiency defenses …
Persistent link: https://www.econbiz.de/10013125549
This POLICY BULLETIN examines the potential impact of the proposed Cingular/AT&T Wireless merger on both (a) the performance in the national wireless industry; and (b) the potential for wireless "intermodal" competition with fixed line service. After performing both an event study and merger...
Persistent link: https://www.econbiz.de/10014071443
This paper identifies substantial flaws in how U.S. government agencies and courts assess the impact of proposed mergers by firms using broadband networks to reach consumers. Based on current market definitions, consumer impact assessments and economic doctrine, antitrust enforcement agencies...
Persistent link: https://www.econbiz.de/10014090155
Algorithms, especially those based on artificial intelligence, play an increasingly important role in our economy. They are used by market participants to make pricing, output, quality, and inventory decisions; to predict market entry, expansion, and exit; and to predict regulatory moves. In a...
Persistent link: https://www.econbiz.de/10014350185
that operate partially on a joint tram network. Merger gains are then decomposed into individual technical efficiency …
Persistent link: https://www.econbiz.de/10010265038
the possibility of realization of merger efficiency gains, specifically in the transport industry. Yet, there exists … groups may give rise to merger efficiency gains. We exploit the industry setting to employ a difference … did not lead to any merger specific efficiency gains for the merging parties. Our study relies on the use of several …
Persistent link: https://www.econbiz.de/10012840664
the possibility of realization of merger efficiency gains, specifically in the transport industry. Yet, there exists … groups may give rise to merger efficiency gains. We exploit the industry setting to employ a difference … did not lead to any merger specific efficiency gains for the merging parties. Our study relies on the use of several …
Persistent link: https://www.econbiz.de/10012146944
that operate partially on a joint tram network. Merger gains are then decomposed into individual technical efficiency …
Persistent link: https://www.econbiz.de/10014206812