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We quantify externalities on profitability and market shares of competing firms in oligopolistic markets through the transition from an n to an n - 1 player oligopoly after a merger. Competitors are identified via the European Commission's market investigations and our methodology allows us to...
Persistent link: https://www.econbiz.de/10010189432
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/10012426540
Persistent link: https://www.econbiz.de/10012418653
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
Persistent link: https://www.econbiz.de/10011621577
2003 to 2012. We examine the impact of service- and facility-based competition on firm level investment as well as the … of broadband investment using dynamic panel estimation techniques. We find that facility-based competition exerts a …. Finally, we show that service-based competition appears to have no significant impact on the investment decision of incumbents …
Persistent link: https://www.econbiz.de/10010424274
2003 to 2012. We examine the impact of service- and facility-based competition on firm-level investment as well as the … estimation techniques which allows us to account for various sources of endogeneity. We find that facility-based competition … decisions are strategic complements. Moreover, we find that intermodal competition in terms of fixed-mobile substitution exerts …
Persistent link: https://www.econbiz.de/10011300640
Persistent link: https://www.econbiz.de/10010338242
Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger policy effectiveness, which is based on standard...
Persistent link: https://www.econbiz.de/10008822615
We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock market reactions. We focus on four different dimensions of effectiveness: 1) legal certainty, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We apply...
Persistent link: https://www.econbiz.de/10009551410