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We investigate the effects of passive backward acquisitions in their efficient upstream supplier on downstream firms' ability to collude in a dynamic game of price competition with homogeneous goods. We find that passive backward acquisitions impede downstream collusion. The main driver of our...
Persistent link: https://www.econbiz.de/10012297609
traditional merger analysis. Neither subsequent entry nor follow-on mergers necessarily mitigate the problem …
Persistent link: https://www.econbiz.de/10014576659
We study the effect of a merger in a dynamic high-technology industry – the videogame market – which is characterized … by frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in … the merger. This decline has been more marked for the merging parties, which suggests that the merger between Game and …
Persistent link: https://www.econbiz.de/10013074855
We study the effect of a merger in a dynamic high-technology industry -- the videogame market -- which is characterized … by frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in … the merger. This decline has been more marked for the merging parties, which suggests that the merger between Game and …
Persistent link: https://www.econbiz.de/10013074976
horizontal/conglomerate merger games. A merger decreases the expected payoff of each merging agent if and only if the strategies … or too noisy information. Expected consumer and total welfare may increase after a horizontal/conglomerate merger or …
Persistent link: https://www.econbiz.de/10013313694
Efficiency defence and merger remedies are key components in most merger control regimes. Although in many … firms face in merger litigation where they are allowed to choose what combination of efficiency claims and settlement offers … to make. The main novelty of this work is the use of data from company reports on the merger-generated synergy …
Persistent link: https://www.econbiz.de/10013087205
The 2010 revision of the Merger Guidelines highlighted the importance of both economic modeling of the post-merger … sufficient data, it is possible to see how actual merger analyses are using this information. Two samples are studied. For 16 … recent merger litigations (all enjoined), sophisticated economic modeling is credited as relevant in eight court decisions …
Persistent link: https://www.econbiz.de/10013295872
China's merger enforcement agency approved the Google/Motorola merger with conditions. This pattern of approval is not … protect domestic industry. In investigating the Chinese merger agency's decision and the basis for its decision making, this …. It is important for international firms to be aware of this pattern in merger analysis …
Persistent link: https://www.econbiz.de/10012963117
The rise of unilateral effects analysis, as quantified by merger simulation, creates the potential to balance … anticompetitive effects and efficiencies and improve the merger review process. Unfortunately, sophisticated economic models impose a … only on a rough estimate of the merger’s price effect. We propose to address this problem through the application of a …
Persistent link: https://www.econbiz.de/10013289091
support, verification. We describe how these approaches play out in merger analysis; where Cournot and Bertrand models of … relationship between structure and market performance. Which methodology is superior for merger analysis depends first on empirical …
Persistent link: https://www.econbiz.de/10014043347