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This chapter surveys the literature on the economics of radio, focusing on the broadcast industry in the United States. The first parts of the chapter provide a history of the radio industry and its regulation, and a guide to the data available for empirical research. The next part surveys the...
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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
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
the Federal Trade Commission (“FTC”) in connection with their Request for Information on Merger Enforcement (“Merger RFI …”). The GAI welcomes the opportunity to provide input on the proposed changes to the Horizontal Merger Guidelines (“HMGs … Section 14 of the Merger RFI, in which the Agencies pose two questions that go to the heart of the treatment of efficiencies …
Persistent link: https://www.econbiz.de/10013291866
the Federal Trade Commission (“FTC”) in connection with their Request for Information on Merger Enforcement (“Merger RFI …, preventing mergers that would likely create the harms generated by the exercise of classical monopsony power should be an … important goal of both antitrust law and merger policy.Based on the existing evidence, an empirically supported basis for the …
Persistent link: https://www.econbiz.de/10013291870
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 …
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