To merge or not to merge: That is the question
AbstractIn this paper we analyze the implementation of socially optimal mergers when the regulator is not informed about all parameters that determine social and private gains from potential mergers. We show that implementation requires a certain degree of agreement between social and private incentives. The most important example where this congruence is present is when the uncertainty refers to cost savings, because in this case society and firms want costs savings to be as high as possible. Then, it is possible to induce firms to truthfully reveal the costs savings induced by the merger. Copyright Springer-Verlag Berlin/Heidelberg 2004
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Bibliographic InfoArticle provided by Springer in its journal Review of Economic Design.
Volume (Year): 9 (2004)
Issue (Month): 1 (December)
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Web page: http://link.springer.de/link/service/journals/10058/index.htm
Other versions of this item:
- Faulí-Oller, Ramón & Corchón, Luis C., . "To Merge or not to Merge: That is the question," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/3597, Universidad Carlos III de Madrid.
- Corchon, Luis & Faulí-Oller, Ramon, 1999. "To Merge or Not To Merge: That is the Question," CEPR Discussion Papers 2190, C.E.P.R. Discussion Papers.
- Corchón, Luis C. & Faulí-Oller, Ramón, . "To merge or not to merge: That is the question," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/3807, Universidad Carlos III de Madrid.
- Ramón Faulí-Oller & Luis Corchón, 2000. "- To Merge Or Not To Merge: That Is The Question," Working Papers. Serie AD 2000-01, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
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- Cosnita, A. & Tropeano, J.P., 2008.
"Negotiating remedies : revealing the merger efficiency gains,"
200803, Grenoble Applied Economics Laboratory (GAEL).
- Cosnita, Andreea & Tropeano, Jean-Philippe, 2009. "Negotiating remedies: Revealing the merger efficiency gains," International Journal of Industrial Organization, Elsevier, vol. 27(2), pages 188-196, March.
- Andrea Cosnita & Jean-Philippe Tropeano, 2005. "Negotiating remedies : revealing the merger efficiency gains," Cahiers de la Maison des Sciences Economiques v05047, Université Panthéon-Sorbonne (Paris 1), revised Apr 2006.
- Andreea Cosnita & Jean-Philippe Tropeano, 2005. "Negotiating remedies : revealing the merger efficiency gains," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00194906, HAL.
- Corchón, Luis C., .
"The theory of implementation: What Did We Learn?,"
Open Access publications from Universidad Carlos III de Madrid
info:hdl:10016/3822, Universidad Carlos III de Madrid.
- repec:hal:journl:halshs-00194906 is not listed on IDEAS
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