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Previous work on exit in declining industries has neglected mergers. We examine a simple model that predicts which declining industries experience horizontal mergers. Mergers are more likely if 1) market concentration is high; 2) the inverse demand curve is steep at high levels of output and...
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The importance of economics to the analysis and enforcement of competition policy and law has increased tremendously in … the developed market economies in the past forty years. In younger and developing market economies, competition law itself … competition law enforcement in developed market economies in focusing investigations and in assisting decision makers in …
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uniform price increases throughout all the goods in the candidate relevant market, since 1984 the versions of the U.S. Merger … recent contributions to the literature, we propose a unified framework for merger simulations and for the so-called HMT in …
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, welchen Einfluss die räumliche Dimension auf eine Fusion ausübt. Dabei wird ein Grundmodell entwickelt und über dieses hinaus … räumlichem Wettbewerb zu erlangen. …
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