Showing 51 - 60 of 18,505
mergers and acquisitions among already powerful retail chains. These considerationslead antitrust authorities to very … study for the Dutch Autoriteit Consument & Markt (ACM), we examined the effects of a series of three national mergers in the … mergers did not have significant effects on prices. However, we find that the last mergersignificantly reduced the depth of …
Persistent link: https://www.econbiz.de/10011417318
This paper studies the interaction between the incentives for predation and mergers. I show that the incentive for …-riding problem associated with mergers, and second, destructive predation helps firms avoid the bidding competition. It is also shown … stronger, since it allows mergers bu limits the bidding competition. …
Persistent link: https://www.econbiz.de/10010335038
screen mergers between mobile network operators which compete with mobile virtual network operators in the downstream retail …
Persistent link: https://www.econbiz.de/10011842707
show that the local change in competitive conditions due to the merger did not affect individual products' prices but it … dropped high priced products, while the acquirer added more of them. Thus, the merging firms reposition their product …
Persistent link: https://www.econbiz.de/10011849590
merger’s effects, controlling for selection on observables when defining our control group through a matching procedure. We … show that the local change in competitive conditions due to the merger did not affect individual products’ prices but it … dropped high priced products, while the acquirer added more of them. Thus, the merging firms reposition their product …
Persistent link: https://www.econbiz.de/10011872092
This paper introduces a simple extensive form pricing game where firms can react to each others’ price changes before the customers arrive. The Bertrand outcome is a Nash equilibrium outcome in this game, but it is not necessarily subgame perfect. The subgame perfect equilibrium outcome...
Persistent link: https://www.econbiz.de/10010278112
Unlike most retrospective merger studies that only focus on price effects, we also estimate the impact of a merger on product variety. We use an original dataset on Dutch supermarkets to assess the effect of a merger that was conditionally approved by the Dutch Competition Authority (ACM) on...
Persistent link: https://www.econbiz.de/10011496944
This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We apply this theory to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the incumbent does not commercialize the acquired start-up's...
Persistent link: https://www.econbiz.de/10012287919
This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We apply this theory to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the incumbent does not commercialize the acquired start-up's...
Persistent link: https://www.econbiz.de/10012420702
We study a merger between two Dutch supermarket chains to assess its effect on the depth as well as composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in pre-merger competitive conditions and thus in the merger outcomes. To define our control...
Persistent link: https://www.econbiz.de/10014417647