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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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Horizontal Mergers in the Presence of Capacity Constraints
Chen, Zhiqi; Li, Gang - Carleton University, Department of Economics - 2014
We analyze the effects of a merger between two competitors in a Bertrand-Edgeworth model. The merger has no effect on equilibrium prices if a pure strategy equilibrium prevails both before and after the merger. Otherwise, the merger leads to higher prices. In the case where a mixed strategy...
Persistent link: https://www.econbiz.de/10010931945
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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