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Common ownership of competing firms : evidence from Australia

Leigh, Andrew; Triggs, Adam - 2021

We provide the first estimates of the extent of common ownership of competing firms in Australia. Combining data on market shares and substantial shareholdings, we calculate the impact of common ownership on effective market concentration. Among firms where we can identify at least one owner, 31...

Persistent link: https://www.econbiz.de/10012507267

On the profitability of cross-ownership in Cournot oligopolies : stock sizes matter

Benchekroun, Hassan; Dai, Miao; Long, Ngo Van - 2020

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We consider a symmetric cross-ownership structure in which a subset of k firms engage in cross-shareholding and each firm has an equal silent financial interest in the other firms,...

Persistent link: https://www.econbiz.de/10012263696

Market concentration in Europe : evidence from antitrust markets

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021

An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...

Persistent link: https://www.econbiz.de/10012421242

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 …

Persistent link: https://www.econbiz.de/10011549386

Assessing EU merger control through compensating efficiencies

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021

Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...

Persistent link: https://www.econbiz.de/10012668490

Efficiency enhancing taxation in two-sided markets

Kind, Hans Jarle (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003662963

The interplay between regulation and competitions : the case of universal service obligations

Hörnig, Steffen; Valletti, Tommaso M. - 2002

Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...

Persistent link: https://www.econbiz.de/10011409371

The competitive effects of declining entry costs over time : evidence from the static random access memory market

Liu, An-Hsiang; Siebert, Ralph - 2020

in which a social planner can (a) regulate entry, (b) charge a tax on entry, and (c) provide a subsidy to promote entry … firms. Tax and entry regulation policy can reduce the excessive entry problem having a positive effect on total surplus … while reducing consumer welfare. In contrast, a subsidy policy intensifies the problem of excessive entry at early periods …

Persistent link: https://www.econbiz.de/10012287789

New competition in telecommunications markets : regulatory pricing principles

Bijl, Paul de; Peitz, Martin - 2002

difficult to achieve at the same time. In this paper, we consider price regulation in the retail and wholesale market and answer … access price regulation is an effective instrument to make the entrant and consumers better off. …

Persistent link: https://www.econbiz.de/10011409202

Consumer standards as a strategic device to mitigate ratchet effects in dynamic regulation

Fiocco, Raffaele; Strausz, Roland - 2014

Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by …

Persistent link: https://www.econbiz.de/10010345239