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variety. PL introduction and PL-driven assortment changes of NBs impose a small effect on NB prices. In contrast, PLs strongly …
Persistent link: https://www.econbiz.de/10013322782
Divestitures have received little attention in ex-post evaluations of mergers. In partial remedy we simulate the … effects of the Carlsberg-Pripps merger in the Swedish beer market and compare the predicted outcomes with those observed ex …-post. There are no important price increases following the merger and prices of divested beers fell. Our merger simulations, that …
Persistent link: https://www.econbiz.de/10013073058
/Modelo merger. The merger relaxes incentive compatibility constraints and increases the equilibrium supermarkup. Merger efficiencies …
Persistent link: https://www.econbiz.de/10012898348
This study shows that mergers’ price effects can vary seasonally. I document countercyclical price increases due to the … Coors and Miller merger, which is consistent with models of coordinated pricing that predict lower equilibrium prices during …
Persistent link: https://www.econbiz.de/10014235492
By the 2008 Pricing of Pasta decision the Italian Competition Authority (ICA) condemned 26 pasta makers and two industry associations for carrying out price-fixing practices in the market for durum semolina pasta. In order to establish the cartel, the ICA relied on economic evidence indicating...
Persistent link: https://www.econbiz.de/10013135421
We provide a novel theory of harm for resale price maintenance (RPM). In a model with two manufacturers and two retailers, we show that RPM facilitates manufacturer collusion when retailers have alternatives to selling a manufacturer's product. Because of the alternatives, manufacturers can only...
Persistent link: https://www.econbiz.de/10014394250
Persistent link: https://www.econbiz.de/10012967146
Cartels and horizontal mergers can be viewed as alternative arrangements to increase profitability and act as means of … that in absence of any penalty on cartel, a firm always prefers a cartel to merger, when the latter does not involve any … concentration among the competitive fringe lowers the profitability of merger as compared to cartel. We then discuss the impact of …
Persistent link: https://www.econbiz.de/10014221197
Persistent link: https://www.econbiz.de/10014294899
containing the opening hours of nearly all German grocery retailers, we find that consumer and firm learning influence that …
Persistent link: https://www.econbiz.de/10011773473