Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10001629753
Persistent link: https://www.econbiz.de/10001596915
Persistent link: https://www.econbiz.de/10001778559
We study the impact of electricity divestments in a stylised model where a dominant producer faces a competitive fringe with the same cost structure and is forced to sell some of its capacity. For a given demand level, the divestment which achieves the greatest reduction in prices can be several...
Persistent link: https://www.econbiz.de/10014045375
We analyze the impact of a merger on firms' incentives to innovate. We show that the merging parties always decrease their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to reduce overall innovation. Consumers are always worse...
Persistent link: https://www.econbiz.de/10012951696
This paper reviews the assessment of efficiency claims in recent EU mergers. It focuses on three broad issues:(a) whether efficiencies should be distinguished from other types of "pro-competitive effects";(b) how to establish the pass-on to consumers from efficiencies, and to balance this...
Persistent link: https://www.econbiz.de/10012952489
Persistent link: https://www.econbiz.de/10003937846
Persistent link: https://www.econbiz.de/10010259008
Persistent link: https://www.econbiz.de/10009716372
We analyze the impact of a merger on firms' incentives to innovate. We show that the merging parties always decrease their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to reduce overall innovation. Consumers are always worse...
Persistent link: https://www.econbiz.de/10011669398