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Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...
Persistent link: https://www.econbiz.de/10012659077
Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...
Persistent link: https://www.econbiz.de/10012668490
-merger HHI, is larger than reported in the extant literature (at least) by a factor of ten. We also show that concentration has …An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in … many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market …
Persistent link: https://www.econbiz.de/10012421242
-merger HHI, is larger than reported in the extant literature (at least) by a factor of ten. We also show that concentration has …An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in … many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market …
Persistent link: https://www.econbiz.de/10012426540
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Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their own workers to pay lower wages; and 2. Monopoly,...
Persistent link: https://www.econbiz.de/10013466317
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