Showing 1 - 10 of 142
The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger … evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of … dominated mergers. Interestingly, we also find that mergers foreclose potential entry in other product markets and reduce the …
Persistent link: https://www.econbiz.de/10011481190
We use a dynamic oligopoly model of entry and exit to evaluate how entry regulations affect profitability and market … stores in Sweden, we find that the average entry costs for small and large stores are 10 and 18 percent lower, respectively …, in markets with liberal compared with restrictive regulations. Counterfactual simulations show that lower entry costs in …
Persistent link: https://www.econbiz.de/10010206790
This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify …. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price … the dentist industry allow the entry cost to differ for geographic markets that were designated as Health Professional …
Persistent link: https://www.econbiz.de/10010195032
We study patterns of entry and exit in the German interurban bus industry in the first three years after its … German cities - with the intensity of entry being dependent on the number of inhabitants, average income, the share of under …
Persistent link: https://www.econbiz.de/10011739013
Many countries with national health care providers and health insurances regulate the market for pharmaceuticals to steer drug demand and to control expenses. For example, they introduce reference pricing or tiered co-payments to enhance drug substitution and competition. Since 2006, Germany...
Persistent link: https://www.econbiz.de/10009522774
Procurement within the NHS is attracting increasing research and policy interest. However, most of the emphasis has been on the buyer (the NHS), with less attention paid to the behaviour of suppliers (often pharmaceutical companies). For medical devices very little is publicly documented about...
Persistent link: https://www.econbiz.de/10010221884
Persistent link: https://www.econbiz.de/10011527404
In this paper we study the behavior of rivals when there is a known probability of imminent entry. Experimental markets … are used to collect data on pre- and post-entry production when there is an announced time of possible entry; some markets … experience entry and other do not. In all pre-entry markets competition is more intense. Post-entry behavior in all markets is …
Persistent link: https://www.econbiz.de/10011451143
We examine two episodes of strategic interaction in the U.K. betting industry: (i) Betfair (an entrant multi-sided platform, or MSP) vs. Flutter (also an MSP), and (ii) Betfair vs. traditional bookmakers. We find that although Betfair was an underfunded second mover in the betting exchange...
Persistent link: https://www.econbiz.de/10012019905
We test for the distributional effects of regulation and entry in the mobile telecommunications sector in a highly …. Next, we use a demand and supply equilibrium framework to simulate prices and the distribution of welfare without entry and … mobile termination rate regulation. We find that regulation benefits consumers significantly more than entry does, and that …
Persistent link: https://www.econbiz.de/10012029118