carbonated soda market. Once demand complementarity is taken into account, a merger between the chips and soda producer PepsiCo … market. By contrast, the standard discrete choice model predicts that soda prices would always increase following the merger …

Common ownership fundamentally upsets the well-settled merger enforcement ecosystem. Not only it challenges basic … principles informing merger policy such as the presumed profitability of mergers for the merging firms and the merger …-specificity of potential efficiencies but also it works against implementing tools and presumptions in merger practice such as …

Standard discrete choice demand models assume that products are substitutes. Merger analysesbased on these models may … between these product groups. We show that a merger between PepsiCo/Frito-Lay and Dr. Pepper would increase soda prices by 30 …% less than suggested by a model that does not account for complementarity. Post-merger chip prices decrease. Overall …

In this paper, we design a theoretical model to analyze the impact of the number of firms on investment in the wireless … communications industry. Our model extends the Salop’s framework by introducing investment in quality that either reduces the … their incentives to invest in quality. The impact on the aggregate industry investment can be non-monotone. These …

This paper empirically assesses the impact of the intensity of competition on investment in new technologies within the …-U relationship between competition intensity and investment. The intermediate level of competition intensity that maximizes … investment stands at 62 percent, whereby competition intensity is measured by 1-Lerner index at the firm level. This means that …

In this paper, we design a theoretical model to analyze the impact of the number of firms on investment in the wireless … communications industry. Our model extends the Salop's framework by introducing investment in quality that either reduces the … their incentives to invest in quality. The impact on the aggregate industry investment can be non-monotone. These …

This paper empirically assesses the impact of the intensity of competition on investment in new technologies within the …-U relationship between competition intensity and investment. The intermediate level of competition intensity that maximizes … investment stands at 62 percent, whereby competition intensity is measured by 1-Lerner index at the firm level. This means that …

The impact of market structure on investment is an important topic in the mobile industry. However, previous literature … mobile operators to investigate its impact on investment, taking into account market share asymmetry and the adjustment cost … of investment. The empirical analysis is backed by a theoretical model that introduces vertical differentiation in a …