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market. Using detailed matched employer-employee data, we analyze how firm takeovers and product market competition are …
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horizontal merger activity. We propose a theoretically-backed methodological approach to classify mergers that yields more … information on merger types and merger effects, and that can, moreover, distinguish between mergers characterized largely by … collusion-based synergies and mergers characterized largely by efficiency-based synergies. Crucial to the proposed measurement …
Persistent link: https://www.econbiz.de/10010305861
I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...
Persistent link: https://www.econbiz.de/10010270643
Using data from the US automobile market, we empirically examine the link between competition and innovation. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic importance, market dynamics, and the significant...
Persistent link: https://www.econbiz.de/10011342391
. Since retail mergers may have either local or national effects (or both) according to the level at which retail chains set …
Persistent link: https://www.econbiz.de/10009763587
. Since retail mergers may have either local or national effects (or both) according to the level at which retail chains set …
Persistent link: https://www.econbiz.de/10009771895
In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...
Persistent link: https://www.econbiz.de/10010358241