On the social welfare effects of runner-up mergers in concentrated markets
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Dragan Jovanovic & Christian Wey & Mengxi Zhang, 2021. "On the social welfare effects of runner-up mergers in concentrated markets," Economics Bulletin, AccessEcon, vol. 41(4), pages 2330-2337.
References listed on IDEAS
- Farrell, Joseph & Shapiro, Carl, 1990.
"Horizontal Mergers: An Equilibrium Analysis,"
American Economic Review, American Economic Association, vol. 80(1), pages 107-126, March.
- Farrell, J. & Shapiro, C., 1988. "Horizontal Mergers: An Equilibrium Analysis," Papers 17, Princeton, Woodrow Wilson School - Discussion Paper.
- Farrell, Joseph & Shapiro, Carl, 1988. "Horizontal Mergers: An Equilibrium Analysis," Department of Economics, Working Paper Series qt0tp305nx, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Joseph Farrell and Carl Shapiro., 1988. "Horizontal Mergers: An Equilibrium Analysis," Economics Working Papers 8880, University of California at Berkeley.
- Zhao, Jingang, 2001.
"A characterization for the negative welfare effects of cost reduction in Cournot oligopoly,"
International Journal of Industrial Organization, Elsevier, vol. 19(3-4), pages 455-469, March.
- Jingang Zhao, 1999. "A Characterization of the Negative Welfare Effects of Cost Reduction in Cournot Oligopoly," Working Papers 99-06, Ohio State University, Department of Economics.
- Levin, Dan, 1990.
"Horizontal Mergers: The 50-Percent Benchmark,"
American Economic Review, American Economic Association, vol. 80(5), pages 1238-1245, December.
- Levin, D., 1988. "Horizontal Mergers: The 50 Percent Bench-Mark," Papers 19, Houston - Department of Economics.
- Fevrier, Philippe & Linnemer, Laurent, 2004.
"Idiosyncratic shocks in an asymmetric Cournot oligopoly,"
International Journal of Industrial Organization, Elsevier, vol. 22(6), pages 835-848, June.
- Laurent Linnemer & Philippe Février, 2004. "Idiosyncratic shocks in an asymmetric Cournot oligopoly," Post-Print hal-01634436, HAL.
- Lahiri, Sajal & Ono, Yoshiyasu, 1988. "Helping Minor Firms Reduces Welfare," Economic Journal, Royal Economic Society, vol. 98(393), pages 1199-1202, December.
- McAfee, R Preston & Williams, Michael A, 1992. "Horizontal Mergers and Antitrust Policy," Journal of Industrial Economics, Wiley Blackwell, vol. 40(2), pages 181-187, June.
- Kenneth Heyer, 2006. "Welfare Standards and Merger Analysis: Why not the Best?," EAG Discussions Papers 200608, Department of Justice, Antitrust Division.
- Wang, X. Henry & Zhao, Jingang, 2007. "Welfare reductions from small cost reductions in differentiated oligopoly," International Journal of Industrial Organization, Elsevier, vol. 25(1), pages 173-185, February.
- Ken Heyer, 2006. "Welfare Standards and Merger Analysis: Why Not the Best?," CPI Journal, Competition Policy International, vol. 2.
- 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.
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.- Kaplow, Louis & Shapiro, Carl, 2007.
"Antitrust,"
Handbook of Law and Economics, in: A. Mitchell Polinsky & Steven Shavell (ed.), Handbook of Law and Economics, edition 1, volume 2, chapter 15, pages 1073-1225,
Elsevier.
- Louis Kaplow & Carl Shapiro, 2007. "Antitrust," NBER Working Papers 12867, National Bureau of Economic Research, Inc.
- Kaplow, Louis & Shapiro, Carl, 2007. "Antitrust," Competition Policy Center, Working Paper Series qt9pt7p9bm, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
- Jurgan, Jens, 2009. "Conjectural cost variations in a differentiated good oligopoly," W.E.P. - Würzburg Economic Papers 80, University of Würzburg, Department of Economics.
- Le Pape, Nicolas & Zhao, Kai, 2014.
"Horizontal mergers and uncertainty,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 8, pages 1-31.
- Le Pape, Nicolas & Zhao, Kai, 2013. "Horizontal mergers and uncertainty," Economics Discussion Papers 2013-62, Kiel Institute for the World Economy (IfW Kiel).
- Nicolas Le Pape & Kai Zhao, 2014. "Horizontal Mergers and Uncertainty," Post-Print halshs-01016702, HAL.
- Jens Jurgan, 2009. "Cost Variations in a Differentiated Good Oligopoly," Working Papers 069, Bavarian Graduate Program in Economics (BGPE).
- Volker Nocke & Nicolas Schutz, 2018.
"An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly,"
CRC TR 224 Discussion Paper Series
crctr224_2018_024, University of Bonn and University of Mannheim, Germany.
- Volker Nocke & Nicolas Schutz, 2018. "An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly," NBER Working Papers 24578, National Bureau of Economic Research, Inc.
- Nocke, Volker & Schutz, Nicolas, 2018. "An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly," CEPR Discussion Papers 12905, C.E.P.R. Discussion Papers.
- Lapan, Harvey E. & Hennessy, David A., 2008.
"Statistical moments analysis of production and welfare in multi-product Cournot oligopoly,"
International Journal of Industrial Organization, Elsevier, vol. 26(2), pages 598-606, March.
- Lapan, Harvey E. & Hennessy, David A., 2008. "Statistical moments analysis of production and welfare in multi-product Cournot oligopoly," ISU General Staff Papers 200803010800001156, Iowa State University, Department of Economics.
- Volker Nocke & Nicolas Schutz, 2018.
"Multiproduct‐Firm Oligopoly: An Aggregative Games Approach,"
Econometrica, Econometric Society, vol. 86(2), pages 523-557, March.
- Nocke, Volker & Schutz, Nicolas, 2016. "Multiproduct-Firm Oligopoly: An Aggregative Games Approach," CEPR Discussion Papers 11539, C.E.P.R. Discussion Papers.
- Simon Cowan, 2023. "Welfare-increasing monopolization," Economics Series Working Papers 1006, University of Oxford, Department of Economics.
- Céline Azémar & Rodolphe Desbordes & Paolo Melindi‐Ghidi & Jean‐Philippe Nicolaï, 2022.
"Winners and losers of the COVID‐19 pandemic: An excess profits tax proposal,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(5), pages 1016-1038, October.
- Céline Azémar & Rodolphe Desbordes & Paolo Melindi-Ghidi & Jean‐philippe Nicolaï, 2022. "Winners and losers of the COVID‐19 pandemic: An excess profits tax proposal," Post-Print hal-03882313, HAL.
- Céline Azémar & Rodolphe Desbordes & Paolo Melindi-Ghidi & Jean-Philippe Nicolaï, 2022. "Winners and Losers of the COVID-19 Pandemic: An Excess Profits Tax Proposal," EconomiX Working Papers 2022-8, University of Paris Nanterre, EconomiX.
- Céline Azémar & Rodolphe Desbordes & Paolo Melindi-Ghidi & Jean-Philippe Nicolaï, 2022. "Winners and Losers of the COVID-19 Pandemic: An Excess Profits Tax Proposal," Working Papers hal-04159811, HAL.
- Céline Azémar & Rodolphe Desbordes & Paolo Melindi-Ghidi & Jean-Philippe Nicolaï, 2022. "Winners and losers of the COVID-19 pandemic: An excess profits tax proposal," Post-Print hal-03678450, HAL.
- BOCCARD, Nicolas, 2009. "On efficiency, concentration and welfare," LIDAM Discussion Papers CORE 2009040, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jovanovic, Dragan & Wey, Christian, 2012. "An equilibrium analysis of efficiency gains from mergers," DICE Discussion Papers 64, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Chen, Jiawei, 2009.
"The effects of mergers with dynamic capacity accumulation,"
International Journal of Industrial Organization, Elsevier, vol. 27(1), pages 92-109, January.
- Jiawei Chen, 2006. "The Effects of Mergers with Dynamic Capacity Accumulation," Working Papers 060701, University of California-Irvine, Department of Economics.
- 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.
- Andreea Cosnita & Jean-Philippe Tropeano, 2005. "Negotiating remedies: revealing the merger efficiency gains," Post-Print halshs-00194906, HAL.
- Jean-Philippe Tropeano & Andreea Cosnita, 2009. "Negotiating remedies: Revealing the merger efficiency gains," Post-Print hal-00643693, HAL.
- Jean-Philippe Tropeano & Andreea Cosnita, 2009. "Negotiating remedies: Revealing the merger efficiency gains," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00643693, HAL.
- 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," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00194906, HAL.
- Cosnita, A. & Tropeano, J.P., 2008. "Negotiating remedies : revealing the merger efficiency gains," Working Papers 200803, Grenoble Applied Economics Laboratory (GAEL).
- Lommerud, Kjell Erik & Sorgard, Lars, 1997.
"Merger and product range rivalry,"
International Journal of Industrial Organization, Elsevier, vol. 16(1), pages 21-42, November.
- Lommerud, K.E. & Sorgard, L., 1997. "Merger and Product Range Rivalery," Norway; Department of Economics, University of Bergen 165, Department of Economics, University of Bergen.
- Nakayama, Yuji, 2009. "The impact of e-commerce: It always benefits consumers, but may reduce social welfare," Japan and the World Economy, Elsevier, vol. 21(3), pages 239-247, August.
- Patrick Hughes & Margaret Sanderson, 1998. "Conspiracy Law and Jurisprudence in Canada: Towards an Economic Approach," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 13(1), pages 153-176, April.
- 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.
- Wang, X. Henry & Zhao, Jingang, 2007. "Welfare reductions from small cost reductions in differentiated oligopoly," International Journal of Industrial Organization, Elsevier, vol. 25(1), pages 173-185, February.
- Andrei Medvedev, 2004.
"Structural remedies in merger regulation in a Cournot framework,"
CERGE-EI Working Papers
wp229, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Medvedev, A., 2004. "Structural Remedies in Merger Regulation in a Cournot Framework," Discussion Paper 2004-006, Tilburg University, Tilburg Law and Economic Center.
- Andrei Medvedev, 2007. "Structural Remedies in Merger Regulation in a Cournot Framework," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2007-16, Centre for Competition Policy, University of East Anglia, Norwich, UK..
- Andrei Medvedev, 2007. "Structural Remedies in Merger Regulation in a Cournot Framework," Working Papers 07-16, Centre for Competition Policy, University of East Anglia.
- Joshua S. Gans, 2007. "Concentration-Based Merger Tests and Vertical Market Structure," Journal of Law and Economics, University of Chicago Press, vol. 50(4), pages 661-681.
More about this item
Keywords
Runner-up Mergers; Efficiencies; Oligopoly; welfare;All these keywords.
JEL classification:
- K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
- 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-COM-2021-10-11 (Industrial Competition)
- NEP-IND-2021-10-11 (Industrial Organization)
- NEP-LAW-2021-10-11 (Law and Economics)
- NEP-MIC-2021-10-11 (Microeconomics)
- NEP-REG-2021-10-11 (Regulation)
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:zbw:dicedp:371. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/diduede.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.