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neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported …) decrease in labour demand due to merger-specific synergies and derive welfare effects. We find that efficiency benefits from …-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …
Persistent link: https://www.econbiz.de/10003836388
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appropriate simulation model for any given merger proposal. Due to the inevitable necessity to reduce real-world complexity and … multi-parameter character of merger cases, the comparative fit of proposed merger simulation models with mutually … regarding two aspects. First, the scope for partisan economic evidence cannot be completely eroded in merger control. Second …
Persistent link: https://www.econbiz.de/10003864436
employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …
Persistent link: https://www.econbiz.de/10003864445
employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …
Persistent link: https://www.econbiz.de/10003821585
We analyze the optimal dynamic policy of an antitrust authority towards horizontal mergers when merger proposals are … endogenous and occur over time. Approving a currently proposed merger will affect the profitability and welfare effects of … surplus by using a completely myopic merger review policy that approves a merger today if and only if it does not lower …
Persistent link: https://www.econbiz.de/10003822992
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neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported …) decrease in labour demand due to merger-specific synergies and derive welfare effects. We find that efficiency benefits from …-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …
Persistent link: https://www.econbiz.de/10003849829