Bargaining Failures and Merger Policy
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Roberto Burguet & Ramon Caminal, 2015. "Bargaining Failures And Merger Policy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(3), pages 1019-1041, August.
- Roberto Burguet & Ramon Caminal, 2012. "Bargaining failures and merger policy," UFAE and IAE Working Papers 901.12, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Caminal, Ramon & Burguet, Roberto, 2012. "Bargaining failures and merger policy," CEPR Discussion Papers 8989, C.E.P.R. Discussion Papers.
References listed on IDEAS
- Okada, Akira, 1996. "A Noncooperative Coalitional Bargaining Game with Random Proposers," Games and Economic Behavior, Elsevier, vol. 16(1), pages 97-108, September.
- Inderst, Roman & Wey, Christian, 2004.
"The incentives for takeover in oligopoly,"
International Journal of Industrial Organization, Elsevier, vol. 22(8-9), pages 1067-1089, November.
- Roman Inderst & Christian Wey, 2001. "The Incentives for Takeover in Oligopoly," CIG Working Papers FS IV 01-24, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Roman Inderst & Christian Wey, 2004. "The Incentives for Takeover in Oligopoly," Discussion Papers of DIW Berlin 423, DIW Berlin, German Institute for Economic Research.
- Wey, Christian & Inderst, Roman, 2002. "The Incentives for Takeover in Oligopoly," CEPR Discussion Papers 3163, C.E.P.R. Discussion Papers.
- Ray, Debraj, 2007. "A Game-Theoretic Perspective on Coalition Formation," OUP Catalogue, Oxford University Press, number 9780199207954.
- Horn, Henrik & Persson, Lars, 2001.
"Endogenous mergers in concentrated markets,"
International Journal of Industrial Organization, Elsevier, vol. 19(8), pages 1213-1244, September.
- Horn, Henrik & Persson, Lars, 1996. "Endogenous Mergers in Concentrated Markets," CEPR Discussion Papers 1544, C.E.P.R. Discussion Papers.
- Persson, Lars & Horn, Henrik, 1998. "Endogenous Mergers in Concentrated Markets," Working Paper Series 513, Research Institute of Industrial Economics.
- Motta, Massimo & Vasconcelos, Helder, 2005.
"Efficiency gains and myopic antitrust authority in a dynamic merger game,"
International Journal of Industrial Organization, Elsevier, vol. 23(9-10), pages 777-801, December.
- Massimo MOTTA & Helder VASCONCELOS, 2003. "Efficiency Gains and Myopic Antitrust Authority in a Dynamic Merger Game," Economics Working Papers ECO2003/23, European University Institute.
- Motta, Massimo & Vasconcelos, Helder, 2004. "Efficiency Gains and Myopic Antitrust Authority in a Dynamic Merger Game," CEPR Discussion Papers 4175, C.E.P.R. Discussion Papers.
- Avinash Dixit, 1979.
"A Model of Duopoly Suggesting a Theory of Entry Barriers,"
Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 20-32, Spring.
- Dixit, Avinash, 1978. "A Model Of Duopoly Suggesting A Theory Of Entry Barriers," Economic Research Papers 269023, University of Warwick - Department of Economics.
- Dixit, Avinash K., 1978. "A Model of Duopoly Suggesting a Theory of Entry Barriers," The Warwick Economics Research Paper Series (TWERPS) 125, University of Warwick, Department of Economics.
- Volker Nocke & Michael D. Whinston, 2010.
"Dynamic Merger Review,"
Journal of Political Economy, University of Chicago Press, vol. 118(6), pages 1201-1251.
- Volker Nocke & Michael D. Whinston, 2008. "Dynamic Merger Review," NBER Working Papers 14526, National Bureau of Economic Research, Inc.
- Whinston, Michael D. & Nocke, Volker, 2008. "Dynamic Merger Review," CEPR Discussion Papers 7077, C.E.P.R. Discussion Papers.
- Olivier Compte & Philippe Jehiel, 2010.
"The Coalitional Nash Bargaining Solution,"
Econometrica, Econometric Society, vol. 78(5), pages 1593-1623, September.
- Olivier Compte & Philippe Jehiel, 2008. "The Coalitional Nash Bargaining Solution," Levine's Bibliography 122247000000001852, UCLA Department of Economics.
- Olivier Compte & Philippe Jehiel, 2010. "The Coalitional Nash Bargaining Solution," PSE-Ecole d'économie de Paris (Postprint) halshs-00754423, HAL.
- Olivier Compte & Philippe Jehiel, 2010. "The Coalitional Nash Bargaining Solution," Post-Print halshs-00754423, HAL.
- Fridolfsson, Sven-Olof & Stennek, Johan, 2005. "Hold-up of anti-competitive mergers," International Journal of Industrial Organization, Elsevier, vol. 23(9-10), pages 753-775, December.
- Besanko, David & Spulber, Daniel F, 1993. "Contested Mergers and Equilibrium Antitrust Policy," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 9(1), pages 1-29, April.
- Roberto Burguet & Ramon Caminal, 2015.
"Bargaining Failures And Merger Policy,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(3), pages 1019-1041, August.
- Roberto Burguet & Ramon Caminal, 2012. "Bargaining failures and merger policy," UFAE and IAE Working Papers 901.12, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Caminal, Ramon & Burguet, Roberto, 2012. "Bargaining failures and merger policy," CEPR Discussion Papers 8989, C.E.P.R. Discussion Papers.
- Roberto Burguet & Ramon Caminal, 2014. "Bargaining Failures and Merger Policy," Working Papers 633, Barcelona School of Economics.
- Sven-Olof Fridolfsson & Johan Stennek, 2005.
"Why Mergers Reduce Profits And Raise Share Prices-A Theory Of Preemptive Mergers,"
Journal of the European Economic Association, MIT Press, vol. 3(5), pages 1083-1104, September.
- FRIDOLFSSON, Sven-Olof & STENNEK, Johan, 1999. "Why mergers reduce profits, and raise share prices: A theory of preemptive mergers," Working Papers 1999018, University of Antwerp, Faculty of Business and Economics.
- Sven-Olof Fridolfsson & Johan Stennek, 2001. "Why Mergers Reduce Profits and Raise Share Prices: A Theory of Preemptive Mergers," CIG Working Papers FS IV 01-26, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Barros, Pedro Pita, 1998. "Endogenous mergers and size asymmetry of merger participants," Economics Letters, Elsevier, vol. 60(1), pages 113-119, July.
- Roberto Burguet & Ramon Caminal, 2010.
"Simultaneous Nash Bargaining with Consistent Beliefs,"
UFAE and IAE Working Papers
854.10, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Roberto Burguet and Ramon Caminal, 2010. "Simultaneous Nash Bargaining with Consistent Beliefs," Working Papers 521, Barcelona School of Economics.
- Morton I. Kamien & Israel Zang, 1990. "The Limits of Monopolization Through Acquisition," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(2), pages 465-499.
- Larry D. Qiu & Wen Zhou, 2007. "Merger waves: a model of endogenous mergers," RAND Journal of Economics, RAND Corporation, vol. 38(1), pages 214-226, March.
- Gautam Gowrisankaran, 1999. "A Dynamic Model of Endogenous Horizonal Mergers," RAND Journal of Economics, The RAND Corporation, vol. 30(1), pages 56-83, Spring.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Roberto Burguet & Ramon Caminal, 2015.
"Bargaining Failures And Merger Policy,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(3), pages 1019-1041, August.
- Roberto Burguet & Ramon Caminal, 2012. "Bargaining failures and merger policy," UFAE and IAE Working Papers 901.12, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Roberto Burguet & Ramon Caminal, 2014. "Bargaining Failures and Merger Policy," Working Papers 633, Barcelona School of Economics.
- Caminal, Ramon & Burguet, Roberto, 2012. "Bargaining failures and merger policy," CEPR Discussion Papers 8989, C.E.P.R. Discussion Papers.
- Andreea Cosnita‐Langlais & Jean‐Philippe Tropeano, 2023.
"Merger selection, evidence provision, and the timing of merger control,"
Bulletin of Economic Research, Wiley Blackwell, vol. 75(1), pages 209-222, January.
- Andreea Cosnita-Langlais & Jean-Philippe Tropeano, 2023. "Merger selection, evidence provision and the timing of merger control," Post-Print hal-03617569, HAL.
- Andreea Cosnita-Langlais & Jean‐philippe Tropeano, 2023. "Merger selection, evidence provision, and the timing of merger control," Post-Print halshs-04632063, HAL.
- Andreea Cosnita-Langlais & Jean-Philippe Tropeano, 2023. "Merger selection, evidence provision and the timing of merger control," PSE-Ecole d'économie de Paris (Postprint) hal-03617569, HAL.
- Andreea Cosnita-Langlais & Jean‐philippe Tropeano, 2023. "Merger selection, evidence provision, and the timing of merger control," PSE-Ecole d'économie de Paris (Postprint) halshs-04632063, HAL.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Armando Gomes & Wilfredo Maldonado, 2020. "Mergers and acquisitions with conditional and unconditional offers," International Journal of Game Theory, Springer;Game Theory Society, vol. 49(3), pages 773-800, September.
- Fumagalli, Eileen & Nilssen, Tore, 2008. "Waiting to Merge," Memorandum 13/2008, Oslo University, Department of Economics.
- Eileen Fumagalli & Tore Nilssen, 2019. "Sweetening the Pill: a Theory of Waiting to Merge," Journal of Industry, Competition and Trade, Springer, vol. 19(3), pages 351-388, September.
- Fikru, Mahelet G., 2016. "Modelling mergers among polluting firms when environmental policy is endogenous," Economic Analysis and Policy, Elsevier, vol. 49(C), pages 1-6.
- Yasuhiko Nakamura, 2013. "Wage Bargaining And Merger Incentives With Asymmetric Costs," Bulletin of Economic Research, Wiley Blackwell, vol. 65, pages 56-84, May.
- Cabolis, C. & Manasakis, C. & Moreno, D. & Petrakis, E., 2021. "The interactions of R&D investments and horizontal mergers," Journal of Economic Behavior & Organization, Elsevier, vol. 187(C), pages 507-534.
- Norbäck, Pehr-Johan & Persson, Lars & Tåg, Joacim, 2010.
"Buying to Sell: A Theory of Buyouts,"
Working Paper Series
817, Research Institute of Industrial Economics.
- Persson, Lars & Norbäck, Pehr-Johan & Tåg, Joacim, 2012. "Buying to Sell: Private Equity Buyouts and Industrial Restructuring," CEPR Discussion Papers 8992, C.E.P.R. Discussion Papers.
- Pagnozzi, Marco & Rosato, Antonio, 2016. "Entry by takeover: Auctions vs. bilateral negotiations," International Journal of Industrial Organization, Elsevier, vol. 44(C), pages 68-84.
- Sven‐Olof Fridolfsson & Johan Stennek, 2010.
"Industry Concentration and Welfare: On the Use of Stock Market Evidence from Horizontal Mergers,"
Economica, London School of Economics and Political Science, vol. 77(308), pages 734-750, October.
- Fridolfsson, Sven-Olof & Stennek, Johan, 2006. "Industry Concentration and Welfare - On the Use of Stock Market Evidence from Horizontal Mergers," Working Paper Series 682, Research Institute of Industrial Economics.
- Stennek, Johan & Fridolfsson, Sven-Olof, 2006. "Industry Concentration and Welfare - On the Use of Stock Market Evidence from Horizontal Mergers," CEPR Discussion Papers 5977, C.E.P.R. Discussion Papers.
- Christos Cabolis & Constantine Manasakis & Emmanuel Petrakis, 2008. "Horizontal Mergers and Acquisitions with Endogenous Efficiency Gains," Working Papers 0817, University of Crete, Department of Economics.
- Mariana Cunha & Hélder Vasconcelos, 2018. "Sequential Mergers and Antitrust Authority’s Decisions in Stackelberg Markets," Journal of Industry, Competition and Trade, Springer, vol. 18(3), pages 373-394, September.
- Persson, Lars & Norbäck, Pehr-Johan & Tåg, Joacim, 2012.
"Buying to Sell: Private Equity Buyouts and Industrial Restructuring,"
CEPR Discussion Papers
8992, C.E.P.R. Discussion Papers.
- Pehr-Johan Norbäck & Lars Persson & Joacim Tag, 2013. "Buying to Sell: Private Equity Buyouts and Industrial Restructuring," CESifo Working Paper Series 4338, CESifo.
- Alberto Salvo, 2010. "Sequential Cross‐border Mergers in Models of Oligopoly," Economica, London School of Economics and Political Science, vol. 77(306), pages 352-383, April.
- Przemysław Jeziorski, 2023. "Empirical Model of Dynamic Merger Enforcement—Choosing Ownership Caps in U.S. Radio," Management Science, INFORMS, vol. 69(8), pages 4457-4480, August.
- Horn, Henrik & Persson, Lars, 2001.
"Endogenous mergers in concentrated markets,"
International Journal of Industrial Organization, Elsevier, vol. 19(8), pages 1213-1244, September.
- Horn, Henrik & Persson, Lars, 1996. "Endogenous Mergers in Concentrated Markets," CEPR Discussion Papers 1544, C.E.P.R. Discussion Papers.
- Persson, Lars & Horn, Henrik, 1998. "Endogenous Mergers in Concentrated Markets," Working Paper Series 513, Research Institute of Industrial Economics.
- Albert Banal-Estañol & Ines Macho-Stadler & Jo Seldeslachts, 2003.
"Mergers, Investment Decisions and Internal Organisation,"
CESifo Working Paper Series
944, CESifo.
- Albert Banal-Estañol & Inés Macho-Stadler & Jo Seldeslachts, 2004. "Mergers, Investment Decisions and Internal Organisation," Working Papers 111, Barcelona School of Economics.
- Albert Banal-Estaño & Inés Macho-Stadler & Jo Seldeslachts, 2004. "Mergers, Investment Decisions and Internal Organisation," CIG Working Papers SP II 2004-13, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Albert Banal & Ines Macho-Stadler & Jo Seldeslachts, 2003. "Mergers, Investment Decisions and Internal Organisation," UFAE and IAE Working Papers 569.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Ray Chaudhuri, A., 2008.
"A Dynamic Model of Endogenous Mergers and Trade Liberalization,"
Other publications TiSEM
c5b9dd83-55cf-4bc9-9a58-f, Tilburg University, School of Economics and Management.
- Ray Chaudhuri, A., 2008. "A Dynamic Model of Endogenous Mergers and Trade Liberalization," Other publications TiSEM 8b3bda8c-ac25-4522-8090-c, Tilburg University, School of Economics and Management.
- Ray Chaudhuri, A., 2008. "A Dynamic Model of Endogenous Mergers and Trade Liberalization," Discussion Paper 2008-005, Tilburg University, Tilburg Law and Economic Center.
- Ray Chaudhuri, A., 2008. "A Dynamic Model of Endogenous Mergers and Trade Liberalization," Discussion Paper 2008-22, Tilburg University, Center for Economic Research.
- Burguet, Roberto & Caminal, Ramon, 2020.
"Coalitional bargaining with consistent counterfactuals,"
Journal of Economic Theory, Elsevier, vol. 187(C).
- Roberto Burguet & Ramon Caminal, 2016. "Coalitional Bargaining with Consistent Counterfactuals," Working Papers 923, Barcelona School of Economics.
- Fumagalli, Eileen & Vasconcelos, Helder, 2009. "Sequential cross-border mergers," International Journal of Industrial Organization, Elsevier, vol. 27(2), pages 175-187, March.
- Mason, Robin & Weeds, Helen, 2013.
"Merger policy, entry, and entrepreneurship,"
European Economic Review, Elsevier, vol. 57(C), pages 23-38.
- Mason, Robin & Weeds, Helen, 2007. "Merger Policy, Entry, and Entrepreneurship," Economics Discussion Papers 3061, University of Essex, Department of Economics.
More about this item
Keywords
endogenous mergers; merger policy; inefficient bargaining; synergies; antitrust; flexible protocol;All these keywords.
JEL classification:
- 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
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BEC-2012-06-05 (Business Economics)
- NEP-COM-2012-06-05 (Industrial Competition)
- NEP-IND-2012-06-05 (Industrial Organization)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bge:wpaper:633. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bruno Guallar (email available below). General contact details of provider: https://edirc.repec.org/data/bargses.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.