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collusion-based synergies and mergers characterized largely by efficiency-based synergies. Crucial to the proposed measurement …The strategy literature has found it difficult to differentiate between collusive and efficiencybased synergies in … horizontal merger activity. We propose a theoretically-backed methodological approach to classify mergers that yields more …
Persistent link: https://www.econbiz.de/10010305861
that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert …
Persistent link: https://www.econbiz.de/10010364303
Persistent link: https://www.econbiz.de/10010488023
effect of mergers on innovation and future price competition; and reviews the empirical literature on competition, mergers …
Persistent link: https://www.econbiz.de/10013465592
We show that, in the case when innovations are for sale, increased product market competition, captured by reduced product market profits, can increase the incentives for innovations. The reason is that the incentive to innovate depends on the acquisition price which, in turn, might increase...
Persistent link: https://www.econbiz.de/10010320042
We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affiliated stores. This partial deregulation of multi-store prohibition...
Persistent link: https://www.econbiz.de/10012533722
We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affliated stores. This partial deregulation of multi-store prohibition reduced...
Persistent link: https://www.econbiz.de/10012546929
We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three a liated stores. This partial deregulation of multi-store prohibition reduced...
Persistent link: https://www.econbiz.de/10012548173
Persistent link: https://www.econbiz.de/10013270259
We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry...
Persistent link: https://www.econbiz.de/10013337733