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The Effect of Horizontal Mergers on Efficiency and Market Power : An Application to the Argentine Hamburger Market
Coloma, German - 2019
merger that occurred by the end of 2015 (the BRF/MRP merger) had any discernable market-power or efficiency effects. To do …This paper analyzes the behavior of the Argentine hamburger market during the period 2013-2018, to see if an important … counterbalances the price increases induced by the merger. This implies that total consumers' surplus may have grown as a consequence …
Persistent link: https://www.econbiz.de/10012857971
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The effect of horizontal mergers on efficiency and market power: An application to the Argentine hamburger market
Coloma, Germán - 2019
merger that occurred by the end of 2015 (the BRF/MRP merger) had any discernable market-power or efficiency effects. To do …This paper analyzes the behavior of the Argentine hamburger market during the period 2013-2018, to see if an important … counterbalances the price increases induced by the merger. This implies that total consumers' surplus may have grown as a consequence …
Persistent link: https://www.econbiz.de/10012609509
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Chapter 15 Antitrust
Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
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Chapter 36 Antitrust Policy toward Horizontal Mergers
Whinston, Michael D. - In: Handbook of industrial organization : volume 3, (pp. 2369-2440). 2007
, merger laws and enforcement practices, econometric methods for analyzing prospective horizontal mergers, and evidence …
Persistent link: https://www.econbiz.de/10014024580
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Do mergers among multimarket firms create value?
Linde, Sebastian; Siebert, Ralph - 2016
contribute, on average, 20% of the total merger value added. Moreover, we find that multimarket efficiency gains dominate …Merger value is frequently evaluated in single market contexts without considering possible gains stemming from firms … multimarket firms create incremental value. We establish a simple theoretical model that determines merger value in a multimarket …
Persistent link: https://www.econbiz.de/10011549386
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An equilibrium analysis of efficiency gains from mergers
Jovanovic, Dragan; Wey, Christian - 2012
We analyze the efficiency defense in merger control. First, we show that the relationship between exogenous efficiency … Mergers ; Efficiency Defense ; Merger Specific Efficiencies … find that merger proposals are largely aligned with a proper social welfare analysis which explicitly considers the without …
Persistent link: https://www.econbiz.de/10009572245
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Equilibrium mergers in a composite good industry with efficiencies
Pardo-Garcia, Cristina; Sempere-Monerris, José Jorge - In: SERIEs : Journal of the Spanish Economic Association 6 (2015) 1, pp. 101-127
either merge with a similar component producer (horizontal merger) or a complementary one (vertical merger) of a composite …, higher marginal cost savings are required for a horizontal merger in a composite industry not to result in a price increase …
Persistent link: https://www.econbiz.de/10010503326
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Horizontal mergers with capital adjustments : workers' cooperatives and the merger paradox
Delbono, Flavio; Lambertini, Luca - 2014
We study the incentives towards horizontal merger among firms when the amount of capital is the strategic variable. The … maximisers. Within a simple oligopoly model, we prove that the horizontal merger, for any merger size, is: (i) privately … merger to monopoly. …
Persistent link: https://www.econbiz.de/10011729071
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Efficient Horizontal Mergers in Polluting Industries with Cournot Competition
Lambertini, Luca - 2012
We investigate the feasibility of horizontal mergers in a homogeneous triopoly where firms compete in quantities and production is polluting the environment. We show that the degree of alignment between private and social incentives increases in the intensity of pollution
Persistent link: https://www.econbiz.de/10013110410
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Market Dominance and Behavior-Based Pricing Under Horizontal and Vertical Differentiation
Gehrig, Thomas; Shy, Oz; Stenbacka, Rune - 2007
We evaluate behavior-based price discrimination from an antitrust perspective by focusing on an industry with inherited market dominance. Under horizontal differentiation behavior-based pricing does not by itself lead to persistence of dominance unless the dominant firm is protected by...
Persistent link: https://www.econbiz.de/10014048178