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The Scope of Conflict in International Merger Control

Neven, Damien J; Röller, Lars-Hendrik - C.E.P.R. Discussion Papers - 2000

In this paper, we analyse the scope for conflict between national merger control agencies that assert jurisdictions … simultaneously. We consider a positive model of merger control in which market definition and the analysis of dominance are both … explicitly specified. We find that conflict in international merger control is less likely to occur when economic integration is …

Persistent link: https://www.econbiz.de/10005792501

Consumer Surplus vs. Welfare Standard in a Political Economy Model of Merger Control

Neven, Damien J; Röller, Lars-Hendrik - C.E.P.R. Discussion Papers - 2000

This paper considers merger control in a common agency framework where firms and their competitors can influence the … attractive when mergers are large, when increasing the size of a merger greatly enhances industry profits, when there is little …

Persistent link: https://www.econbiz.de/10005124327

The Economic Impact of Merger Control Legislation

Carletti, Elena; Hartmann, Philipp; Ongena, Steven - C.E.P.R. Discussion Papers - 2011

We construct a unique dataset of legislative reforms in merger control legislation that occurred in nineteen industrial … standard monopolistic hypothesis, we find that the strengthening of merger control decreases the stock prices of non … merger control is anticipated to provide a 'checks and balances' mechanism that mitigates the value-destroying influence of …

Persistent link: https://www.econbiz.de/10009147403

Licensing the Market for Technology

Arora, Ashish; Fosfuri, Andrea - C.E.P.R. Discussion Papers - 1999

In technology-based industries, incumbent firms often license their technology to other firms that will potentially compete with them. Such a strategy is difficult to explain within traditional models of licensing. This paper extends the literature on licensing by relaxing the assumption of a...

Persistent link: https://www.econbiz.de/10005504351

Competition Enhancing Policies and Infrastructure: Evidence from Russia

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

This Paper investigates whether the efficiency effect of product market dispersion is a function of the infrastructural and policy environment. We hypothesise that more developed transportation and communication infrastructure and lower government regulation may reduce transaction costs,...

Persistent link: https://www.econbiz.de/10005504465

Bid-Ask Spreads with Indirect Competition among Specialists

Gehrig, Thomas; Jackson, Matthew O. - C.E.P.R. Discussion Papers - 1997

We examine the bid-ask quotes offered by specialists (or dealers) who face indirect competition from other specialists who trade in related assets. In the context of a simple model where investors have mean variance preferences, we characterize the equilibrium bids and asks quoted by K...

Persistent link: https://www.econbiz.de/10005504767

Sale of Visas: A Smuggler's Final Song?

Auriol, Emmanuelle; Mesnard, Alice - C.E.P.R. Discussion Papers - 2012

We study how smugglers respond to different types of migration policies - legalisation through the sale of migration visas, or more traditional repressive policies through borders' enforcement, employers' sanctions or deportation - by changing the price they propose to illegal migrants. In this...

Persistent link: https://www.econbiz.de/10011083587

Market Structure and Market Performance in E-Commerce

Hackl, Franz; Kummer, Michael E; Winter-Ebmer, Rudolf; … - C.E.P.R. Discussion Papers - 2012

We investigate the causal effect of market structure on market performance in the consumer electronics. We combine data from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware producer for consumer electronics. We observe input...

Persistent link: https://www.econbiz.de/10011083898

Innovation and Market Structure: An Empirical Evaluation of the 'Bounds Approach' in the Chemical Industry

Uribe, Marín; Luis, Pedro; Siotis, Georges - C.E.P.R. Discussion Papers - 2002

This Paper empirically tests the ‘bounds approach’ to industry structure proposed by Sutton ((1991), (1998)). To carry out this task, we focus on the chemical industry. Part of the novelty in this exercise is that we work on the finest possible level of disaggregation. Also, we identify...

Persistent link: https://www.econbiz.de/10005656233

License Auctions and Market Structure

Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 2000

We analyse the interplay between license auctions and market structure in a model with several incumbents and several potential entrants. The focus is on the competitiveness induced by the number of auctioned licences. Moreover, we study how the auction format affects the incentives for explicit...

Persistent link: https://www.econbiz.de/10005661756