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<Para ID="Par1">We present a sample of recent FCC matters of economic interest. These include nonstructural remedies in a number of wireless telecommunications transactions, econometric attempts to identify which schools are likely to have access to fiber broadband, and the implementation of “rural broadband...</para>
Persistent link: https://www.econbiz.de/10011154756
Pulse production in the United States has become geographically specific and concentrated, and the marketing channels for pulses have changed dramatically over the past 30 years. The most marked change has be~n the growth of large proprietary marketing firms which are vertically integrated as...
Persistent link: https://www.econbiz.de/10010878839
In this paper, we propose a model that provides an interpretation to the high concentration of the retail industry in the convenience goods market by comparing the incentives to merge of producers to those of retailers.
Persistent link: https://www.econbiz.de/10005780737
Persistent link: https://www.econbiz.de/10005067869
of whether upstream or downstream firms have all the bargaining power. We then analyse two alternative mergers, and show … upstream mergers have the same effects when contracts are observable. …
Persistent link: https://www.econbiz.de/10005697660
This paper evaluates the incentive of firms to vertically integrate in a simple 2X2 Bertrand model of two substitutes that are each comprised of two complementary components. It confirms that all prices fall as a result of a vertical merger. Further, we find that, when the composite goods are...
Persistent link: https://www.econbiz.de/10005622744
that increased vertical mergers in food industries would lower profits. …
Persistent link: https://www.econbiz.de/10005536705
We investigate the efficiency, foreclosure, and collusion rationales for vertical integration in a large sample of vertically related takeovers. The efficiency rationale, as discussed under the transaction cost economics and property rights theories, posits that vertical integration mitigates...
Persistent link: https://www.econbiz.de/10010990522
and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of … trade freeness, (ii) the possibility of rent appropriation on world markets, and (iii) direct "synergy" effects of mergers …. Cross-border M&A is privately and socially more attractive than domestic mergers. National competition policy may be too …
Persistent link: https://www.econbiz.de/10005822177
It is widely perceived that competition in the Indian banking sector has increased since the inception of the financial sector reforms in 1992. Using annual data on scheduled commercial banks for the period 1996-2004, the paper evaluates the validity of this claim in the Indian context. The...
Persistent link: https://www.econbiz.de/10005825694