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
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Springer in its journal Review of Economic Design.
Volume (Year): 9 (2004)
Issue (Month): 1 (December)
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/10058/index.htm
Other versions of this item:
- 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.
- RamÃ³n FaulÃ-Oller & Luis CorchÃ³n, 2000. "- To Merge Or Not To Merge: That Is The Question," Working Papers. Serie AD, Instituto Valenciano de Investigaciones EconÃ³micas, S.A. (Ivie) 2000-01, Instituto Valenciano de Investigaciones EconÃ³micas, S.A. (Ivie).
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Andreea Cosnita & Jean-Philippe Tropeano, 2005.
"Negotiating remedies : revealing the merger efficiency gains,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
- Cosnita, Andreea & Tropeano, Jean-Philippe, 2009. "Negotiating remedies: Revealing the merger efficiency gains," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 27(2), pages 188-196, March.
- Cosnita, A. & Tropeano, J.P., 2008. "Negotiating remedies : revealing the merger efficiency gains," Working Papers, Grenoble Applied Economics Laboratory (GAEL) 200803, Grenoble Applied Economics Laboratory (GAEL).
- Andrea Cosnita & Jean-Philippe Tropeano, 2005. "Negotiating remedies : revealing the merger efficiency gains," Cahiers de la Maison des Sciences Economiques, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1) v05047, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1), revised Apr 2006.
- repec:hal:journl:halshs-00194906 is not listed on IDEAS
- Luis C. Corchon, 2007. "The theory of implementation : what did we learn?," Economics Working Papers we081207, Universidad Carlos III, Departamento de EconomÃa.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.