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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
Persistent link: https://www.econbiz.de/10012415866
This paper provides a conceptual framework of multilateral bargaining in a bilaterally oligopolistic industry to analyze the motivations for horizontal mergers, technology choice, and their welfare implications. We first analyze the implication of market structure for the distribution of...
Persistent link: https://www.econbiz.de/10010278136
This paper provides a conceptual framework of multilateral bargaining in a bilaterally oligopolistic industry to analyze the motivations for horizontal mergers, technology choice, and their welfare implications. We first analyze the implication of market structure for the distribution of...
Persistent link: https://www.econbiz.de/10005772888
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
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
Persistent link: https://www.econbiz.de/10009658212
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
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
Persistent link: https://www.econbiz.de/10011504956