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geographic deregulation. We find that once geographic deregulation process finishes, inter-regional mergers between the savings … the deregulation process are the driving factors behind the equilibrium merger of the savings banks. It seems that the … economic crisis will finally force regional politicians to allow inter-regional caja mergers, letting the consequences of the …
Persistent link: https://www.econbiz.de/10008487467
deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks … will be mergers between savings and commercial banks. …
Persistent link: https://www.econbiz.de/10010317061
deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks … will be mergers between savings and commercial banks. -- branch deregulation ; mergers ; optimal behavior ; Spanish banking …
Persistent link: https://www.econbiz.de/10009355559
This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual … media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine … economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so …
Persistent link: https://www.econbiz.de/10012015849
In this note we introduce mergers and an endogenous minimum quality standard in a Cournot triopoly with vertically … consumer surplus but an increase in the industry profit. When mergers are allowed, we show that merging always result in a … standard duopoly because each new entity shuts down the lowest quality. Without the minimum quality standard, mergers produce a …
Persistent link: https://www.econbiz.de/10010789956
This chapter surveys the literature on the economics of radio, focusing on the broadcast industry in the United States. The first parts of the chapter provide a history of the radio industry and its regulation, and a guide to the data available for empirical research. The next part surveys the...
Persistent link: https://www.econbiz.de/10014025245
This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual … media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine … economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so …
Persistent link: https://www.econbiz.de/10012011207
We examine wealth effects, for banks and insurers, of bank rights to sell and underwrite annuities. The stock-price reactions to four court and regulatory decisions are consistent with expectations of bank gains at insurers' expense. Cross-sectionally, smaller, riskier insurers with higher...
Persistent link: https://www.econbiz.de/10005561610
This paper analyses the impact of various types of deregulation on banking industry structure. The empirical result is … supported by evidence from Japan and Korea, which have undergone a substantial consolidation following a series of deregulation …
Persistent link: https://www.econbiz.de/10005032068