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A Retrospective Evaluation of the GDF/Suez Merger : Effects on Gas Hub Prices
Argentesi, Elena - 2017
We present an ex-post analysis of the effects of GDF's acquisition of Suez in 2006 created one of the world's largest energy companies. We perform an econometric analysis, based on Difference-in-Difference techniques on the market for trading on the Zeebrugge gas hub in Belgium. Removing...
Persistent link: https://www.econbiz.de/10012956135
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A Retrospective Evaluation of the GDF/Suez Merger : Effects on Gas Hub Prices
Argentesi, Elena - 2017
We present an ex-post analysis of the effects of GDF's acquisition of Suez in 2006 created one of the world's largest energy companies. We perform an econometric analysis, based on Difference-in-Difference techniques on the market for trading on the Zeebrugge gas hub in Belgium. Removing...
Persistent link: https://www.econbiz.de/10012942870
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A retrospective evaluation of the GDF/Suez merger : effects on gas hub prices
Argentesi, Elena; Banal-Estañol, Albert; Seldeslachts, Jo - 2017
We present an ex-post analysis of the effects of GDF’s acquisition of Suez in 2006 created one of the world’s largest energy companies. We perform an econometric analysis, based on Difference-in-Difference techniques on the market for trading on the Zeebrugge gas hub in Belgium. Removing...
Persistent link: https://www.econbiz.de/10011654446
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Analyzing the Impact of Electricity Market Structure Changes and Mergers : The Importance of Forward Commitments
Brown, David - 2016
We investigate how the effects of market structure changes and mergers in restructured electricity markets depend on the level of forward contracting. Following Bushnell, Mansur, and Saravia (2008), we develop a Cournot model of Alberta's wholesale electricity market that incorporates firms'...
Persistent link: https://www.econbiz.de/10012986898
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Electricity Market Mergers with Endogenous Forward Contracting
Brown, David - 2016
We analyze the effects of electricity market mergers in an environment where firms endogenously choose their level of forward contracts prior to competing in the wholesale market. We apply our model to Alberta's wholesale electricity market. Firms have an incentive to reduce their forward...
Persistent link: https://www.econbiz.de/10012986998
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Mergers of Gas Market Areas and Competition Amongst Transmission System Operators : Evidence on Booking Behaviour in the German Markets
Keller, Jann T. - 2018
Transmission networks are crucial for gas wholesale markets. In the past, the individual networks of transmission system operators (TSOs) determined market areas in the European Union, but driven by the prospect of higher liquidity in the wholesale market, welfare gains for society as well as...
Persistent link: https://www.econbiz.de/10012926741
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M&A im Bereich Erneuerbarer Energien
Fritz-Morgenthal, Sebastian G.; Hach, Sebastian T.; … - 2010
Several top deals already closed, a still highly fragmented industry and strong pressure for further consolidation following the financial crisis - renewable energy certainly has become a red-hot topic in M&A. Surveying 220 companies in the solar photovoltaic, utility and financial sector as...
Persistent link: https://www.econbiz.de/10010300756
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Profitable horizontal mergers without cost advantages: The role of internal organization, information, and market structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001
Unternehmen vor der Fusion. Wir zeigen in dieser Arbeit, dass horizontale Fusion von Unternehmen aus diesen Gründen profitabel für … die fusionierenden Unternehmen und wohlfahrtserhöhend wirken kann, selbst dann, wenn es durch die Fusion keinerlei … verbesserte Informationsfluss zwischen Unternehmensteilen des durch die Fusion entstehenden Konzerns im Vergleich zum …
Persistent link: https://www.econbiz.de/10010307515
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Merger Mechanisms
Brusco, Sandro; Lopomo, Giuseppe; Viswanathan, S. - 2004
A firm can merge with one of n potential partners. The owner of each firm has private information about both his firm's stand-alone value and a component of the synergies that would be realized by the merger involving his firm. We characterize incentive-efficient mechanisms in two cases. First,...
Persistent link: https://www.econbiz.de/10011324884
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Potential gains from mergers in local public transport: an efficiency analysis applied to Germany
Walter, Matthias; Cullmann, Astrid - 2008
We analyze potential gains from hypothetical mergers in local public transport using the non-parametric Data Envelopment Analysis with bias corrections by means of bootstrapping. Our sample consists of 41 public transport companies from Germany's most densely populated region, North...
Persistent link: https://www.econbiz.de/10010265038