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We examine how a downstream merger affects input prices and, in turn, the profitability of a such a merger under Cournot competition with differentiated products. Input suppliers can be interpreted as ordinary upstream firms, or trade unions organising workers. If the input suppliers are...
Persistent link: https://www.econbiz.de/10011409994
We examine how a downstream merger affects input prices and, in turn, the profitability of a such a merger under Cournot competition with differentiated products. Input suppliers can be interpreted as ordinary upstream firms, or trade unions organising workers. If the input suppliers are...
Persistent link: https://www.econbiz.de/10013320499
Persistent link: https://www.econbiz.de/10013428559
In a framework of a unionised oligopoly, this paper reconsiders the impact of the bargaining structure on union wages … argument will be that negotiated wages rather depend on the technical relationship between different groups of labour and goods …
Persistent link: https://www.econbiz.de/10011448511
mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal split of surplus. …
Persistent link: https://www.econbiz.de/10010334980
We present a model with firms selling (homogeneous) products in two imperfectly segmented markets (a high-demand and a low-demand market). Buyers are mobile but restricted by transportation costs, so that imperfect arbitrage occurs when prices differ in both markets. We show that equilibria are...
Persistent link: https://www.econbiz.de/10010271113
stable industry structures for which no further mergers would be profitable. …
Persistent link: https://www.econbiz.de/10010318342
We set up a model to analyze the effects of mergers between sellers of complementary components where firms invest in …
Persistent link: https://www.econbiz.de/10012001659
This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual … media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine … economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so …
Persistent link: https://www.econbiz.de/10012011207
Economic analysis of competition regulation is most developed in the domain of horizontal mergers, and modern agency … standard models, and more broadly to diverge with how economic analysis of proposed mergers should be and often is conducted …
Persistent link: https://www.econbiz.de/10012428221