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competition and increasing prices. Despite this, under standard industry settings it is possible to show that the prospect of a … merger partner. The result is significantly higher rate of innovation with mergers than without and significantly higher long …
Persistent link: https://www.econbiz.de/10012856168
Evaluating network effects and two-sidedness is critical for merger control in the digital economy.To examine the … likely to hurt consumers. In two-sided markets, the effect of mergers on consumer surplus depends on merging parties' pre-merger … consumers are likely to benefit from mergers. These results provide theoretical guidance on merger policy toward platforms …
Persistent link: https://www.econbiz.de/10012847535
innovation effects should be handled by competition authorities in merger control and highlight the differences with the analysis … that the overall impact of a merger on innovation may be either positive or negative and sheds light on the circumstances …
Persistent link: https://www.econbiz.de/10012925801
between increases in concentration and carriers' prices. The specifics of each merger case clearly matter. Moreover, we find a … positive correlation between the price and the investment effects; when the prices after merger increase (decrease), the …
Persistent link: https://www.econbiz.de/10012928555
harm is a critical issue of antitrust enforcement. This Article evaluates economic analyses of merger efficiencies and … merger likely rests on an overly-optimistic view of the likely existence of cognizable efficiencies, which we label a … demonstrating the existence of efficiencies – are misplaced, in part because they fail to recognize that full-blown merger …
Persistent link: https://www.econbiz.de/10012829606
Persistent link: https://www.econbiz.de/10012888272
average prices for acquisition. Finally, I use a simple multinomial logit demand model to assess the effects of merger …
Persistent link: https://www.econbiz.de/10012971313
merger assessment. Subsequently, the article will present the OFT approach towards efficiencies and the OFT's policy as … developed in the Global/GCap merger …
Persistent link: https://www.econbiz.de/10012965751
We study welfare effects of horizontal mergers under a successive oligopoly model and find that downstream mergers can increase welfare if they reduce input prices. The lower input price shifts some input production from cost-inefficient upstream firms to cost-efficient ones. Also, the lower...
Persistent link: https://www.econbiz.de/10013043643
We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the … a horizontal merger that has been ignored in the existing literature. In contrast to the usual belief, we also show that … a horizontal merger may benefit the consumers and the society …
Persistent link: https://www.econbiz.de/10013045922