Showing 1 - 6 of 6
This paper studies privatization policy in an international oligopoly. The argument that equal treatment of foreign investors will be detrimental to domestic welfare by shifting profits from domestic to foreign firms is shown to be less relevant in privatization auctions than in greenfield FDI...
Persistent link: https://www.econbiz.de/10005419497
This paper determines the equilibrium market structure in an international oligopoly which is opened up by a privatization. Market power is shown to be an important determinant of the equilibrium market structure, when greenfield investment costs are high. When the greenfield investment costs...
Persistent link: https://www.econbiz.de/10005419531
stricter, but not too strict, merger and cartel policies tend to increase the incentive for innovations for sale by ensuring …
Persistent link: https://www.econbiz.de/10005419538
This paper determines the equilibrium market structure in a mixed international oligopoly, where the state assets are sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The intuition is that domestic firms can then not prevent...
Persistent link: https://www.econbiz.de/10005645330
We examine coordinated effects of mergers in the Swedish retail market for gasoline during the period 1986-2002. Despite significant changes in market concentration and many factors conductive to coordination, the empirical analysis shows that the level of coordination is low. In addition,...
Persistent link: https://www.econbiz.de/10005645392
A government wanting to promote an efficient allocation of resources as measured by the total surplus, should strategically delegate to its competition authority a welfare standard with a bias in favour of consumers. A consumer bias means that some welfare increasing mergers will be blocked....
Persistent link: https://www.econbiz.de/10005645436