Showing 1 - 10 of 1,809
-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
1990-2014 period, we evaluate how consistently arguments related to structural market parameters – dominance, concentration …’s competitive concerns are also correlated with concentration and the more so, the higher the entry barriers and the risks of …
Persistent link: https://www.econbiz.de/10012200178
Should there be limits on startup acquisitions by dominant firms? Efficiency requires that startups sell their technology to the right incumbents, that they develop the right technology, and that they invest the right amount in R&D. In a model of differentiated oligopoly, we show distortions...
Persistent link: https://www.econbiz.de/10012849917
The IEEE-SA updated patent policy and the Business Review Letter issued by the US DoJ have caused much discussion in the US (Sidak, 2015). The purpose of this paper is to assess whether a similarly lenient antitrust approach to Standard Setting Organizations’ (“SSOs”) rate setting policies...
Persistent link: https://www.econbiz.de/10014128859
The Australian Competition & Consumer Commission (ACCC) released its Digital Platform Services Inquiry, Interim Report No. 5 (Regulatory Reform) in September 2022. In December 2022, the Australian Treasury requested comments on the report. The ACCC Report recommends, inter alia, several...
Persistent link: https://www.econbiz.de/10014258143
Persistent link: https://www.econbiz.de/10012418653
In the last two decades, over 75% of U.S. industries have experienced an increase in concentration levels. We find that … firms in industries with the largest increases in product market concentration have enjoyed higher profit margins and more … firms, factors that account for foreign competition, as well as to the use of alternative measures of concentration. We also …
Persistent link: https://www.econbiz.de/10012100880
This paper investigates the effect of merger-driven market concentration on the markups of non-merging rival firms in …-year period, we aim to disentangle the impact of full-scale mergers and acquisitions from that due to other concentration …
Persistent link: https://www.econbiz.de/10010316731
We assess the consequences for consumers in 76 countries of multinational acquisitions in beer and spirits. Outcomes depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little to the performance of brands. On average, foreign...
Persistent link: https://www.econbiz.de/10012583906