Stealth Consolidation: Evidence from an Amendment to the Hart-Scott-Rodino Act
Author
Abstract
Suggested Citation
Note: DOI: 10.1257/aeri.20180137
Download full text from publisher
References listed on IDEAS
- David Autor & David Dorn & Lawrence F Katz & Christina Patterson & John Van Reenen, 2020.
"The Fall of the Labor Share and the Rise of Superstar Firms [“Automation and New Tasks: How Technology Displaces and Reinstates Labor”],"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(2), pages 645-709.
- Van Reenen, John & Autor, David & Dorn, David & Katz, Lawrence & Patterson, Christina, 2017. "The Fall of the Labor Share and the Rise of Superstar Firms," CEPR Discussion Papers 12041, C.E.P.R. Discussion Papers.
- Autor, David & Dorn, David & Katz, Lawrence F. & Patterson, Christina & Van Reenen, John, 2020. "The fall of the labor share and the rise of superstar firms," LSE Research Online Documents on Economics 104480, London School of Economics and Political Science, LSE Library.
- David Autor & David Dorn & Lawrence F. Katz & Christina Patterson & John Van Reenen, 2017. "The fall of the labor share and the rise of superstar firms," CEP Discussion Papers dp1482, Centre for Economic Performance, LSE.
- Autor, David & Dorn, David & Katz, Lawrence & Patterson, Christina & Van Reenen, John, 2017. "The Fall of the Labor Share and the Rise of Superstar Firms," IZA Discussion Papers 10756, Institute of Labor Economics (IZA).
- Autor, David & Dorn, David & Katz, Lawrence F. & Patterson, Christina & Van Reenen, John, 2017. "The fall of the Labor share and the rise of superstar firms," LSE Research Online Documents on Economics 83616, London School of Economics and Political Science, LSE Library.
- David Autor & David Dorn & Lawrence F. Katz & Christina Patterson & John Van Reenen, 2017. "The Fall of the Labor Share and the Rise of Superstar Firms," NBER Working Papers 23396, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gabor Koltay & Rossitza Kotzeva & Gaëtan Lelièvre & Dimitrios Magos & Joanna Piechucka & Pierre Régibeau & Egle Skliaustyte, 2023. "Recent Developments at DG Competition: 2022/2023," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 63(4), pages 545-577, December.
- João Granja & Nuno Paixao, 2021. "Market Concentration and Uniform Pricing: Evidence from Bank Mergers," Staff Working Papers 21-9, Bank of Canada.
- Axel Gautier & Joe Lamesch, 2020.
"Mergers in the Digital Economy,"
CESifo Working Paper Series
8056, CESifo.
- GAUTIER Axel, & LAMESCH Joe,, 2020. "Mergers in the digital economy," LIDAM Discussion Papers CORE 2020001, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Johannes Boehm & Jan Sonntag, 2023.
"Vertical Integration and Foreclosure: Evidence from Production Network Data,"
Management Science, INFORMS, vol. 69(1), pages 141-161, January.
- Johannes Boehm & Jan Sonntag, 2018. "Vertical Integration and Foreclosure: Evidence from Production Network Data," SciencePo Working papers Main hal-03393115, HAL.
- Boehm, Johannes & Sonntag, Jan, 2020. "Vertical Integration and Foreclosure: Evidence from Production Network Data," CEPR Discussion Papers 15463, C.E.P.R. Discussion Papers.
- Johannes Boehm & Jan Sonntag, 2023. "Vertical Integration and Foreclosure: Evidence from Production Network Data," SciencePo Working papers Main hal-03877289, HAL.
- Johannes Boehm & Jan Sonntag, 2018. "Vertical Integration and Foreclosure: Evidence from Production Network Data," Sciences Po Economics Discussion Papers 2018-12, Sciences Po Departement of Economics.
- Johannes Boehm & Jan Sonntag, 2018. "Vertical Integration and Foreclosure: Evidence from Production Network Data," SciencePo Working papers hal-03393115, HAL.
- Johannes Boehm & Jan Sonntag, 2019. "Vertical integration and foreclosure: evidence from production network data," CEP Discussion Papers dp1641, Centre for Economic Performance, LSE.
- Boehm, Johannes & Sonntag, Jan, 2019. "Vertical integration and foreclosure: evidence from production network data," LSE Research Online Documents on Economics 103401, London School of Economics and Political Science, LSE Library.
- Johannes Boehm & Jan Sonntag, 2018. "Vertical Integration and Foreclosure: Evidence from Production Network Data," Sciences Po publications 2018-12, Sciences Po.
- Johannes Boehm & Jan Sonntag, 2023. "Vertical Integration and Foreclosure: Evidence from Production Network Data," Post-Print hal-03877289, HAL.
- Johannes Boehm & Jan Sonntag, 2018. "Vertical Integration and Foreclosure: Evidence from Production Network Data," Working Papers hal-03393115, HAL.
- Ralph B. Siebert, 2022. "What Determines Heterogeneous Merger Effects on Competitive Outcomes?," Journal of Industrial Economics, Wiley Blackwell, vol. 70(1), pages 217-256, March.
- Juan Ortner & Sylvain Chassang & Jun Nakabayashi & Kei Kawai, 2022.
"Screening Adaptive Cartels,"
Working Papers
2022-23, Princeton University. Economics Department..
- Juan Ortner & Sylvain Chassang & Kei Kawai & Jun Nakabayashi, 2022. "Screening Adaptive Cartels," Working Papers 300, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Juan M. Ortner & Sylvain Chassang & Kei Kawai & Jun Nakabayashi, 2022. "Screening Adaptive Cartels," NBER Working Papers 30219, National Bureau of Economic Research, Inc.
- Joel Stiebale & Florian Szücs, 2022.
"Mergers and market power: evidence from rivals' responses in European markets,"
RAND Journal of Economics, RAND Corporation, vol. 53(4), pages 678-702, December.
- Stiebale, Joel & Szücs, Florian, 2019. "Mergers and market power: Evidence from rivals' responses in European markets," DICE Discussion Papers 323, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Mihir N. Mehta & Suraj Srinivasan & Wanli Zhao, 2020. "The Politics of M&A Antitrust," Journal of Accounting Research, Wiley Blackwell, vol. 58(1), pages 5-53, March.
- Carl Shapiro, 2019. "Protecting Competition in the American Economy: Merger Control, Tech Titans, Labor Markets," Journal of Economic Perspectives, American Economic Association, vol. 33(3), pages 69-93, Summer.
- Steven Berry & Martin Gaynor & Fiona Scott Morton, 2019.
"Do Increasing Markups Matter? Lessons from Empirical Industrial Organization,"
Journal of Economic Perspectives, American Economic Association, vol. 33(3), pages 44-68, Summer.
- Steven T. Berry & Martin Gaynor & Fiona Scott Morton, 2019. "Do Increasing Markups Matter? Lessons from Empirical Industrial Organization," NBER Working Papers 26007, National Bureau of Economic Research, Inc.
- Thomas G. Wollmann, 2020. "How to Get Away with Merger: Stealth Consolidation and Its Effects on US Healthcare," NBER Working Papers 27274, National Bureau of Economic Research, Inc.
- Yu, Zhuangxiong & Cheng, Jiajia & Mukhopadhaya, Pundarik & Dong, Jiemiao, 2023. "Do information spillovers across products aggravate product market monopoly? An examination with Chinese data," Economic Modelling, Elsevier, vol. 125(C).
- Liu, Jing-Yue & Zhang, Yue-Jun, 2021. "Has carbon emissions trading system promoted non-fossil energy development in China?," Applied Energy, Elsevier, vol. 302(C).
- Gautier, Axel & Lamesch, Joe, 2021. "Mergers in the digital economy," Information Economics and Policy, Elsevier, vol. 54(C).
- Cabral, Luís, 2021. "Merger policy in digital industries," Information Economics and Policy, Elsevier, vol. 54(C).
- Christian Fons-Rosen & Pau Roldan-Blanco & Tom Schmitz, 2022.
"The Effects of Startup Acquisitions on Innovation and Economic Growth,"
Working Papers
944, Queen Mary University of London, School of Economics and Finance.
- Schmitz, Tom & Fons-Rosen, Christian & Roldan-Blanco, Pau, 2022. "The Effects of Startup Acquisitions on Innovation and Economic Growth," CEPR Discussion Papers 17752, C.E.P.R. Discussion Papers.
- repec:hal:spmain:info:hdl:2441/44gofgf80399mp5fq5q50vv5t6 is not listed on IDEAS
- Cavenaile, Laurent & Celik, Murat Alp & Tian, Xu, 2021. "The Dynamic Effects of Antitrust Policy on Growth and Welfare," Journal of Monetary Economics, Elsevier, vol. 121(C), pages 42-59.
- McShane, William & Sevilir, Merih, 2023. "R&D tax credits and the acquisition of startups," IWH Discussion Papers 15/2023, Halle Institute for Economic Research (IWH).
- repec:hal:wpspec:info:hdl:2441/44gofgf80399mp5fq5q50vv5t6 is not listed on IDEAS
- Rabbani, Maysam, 2021. "Mergers with Future Rivals Can Boost Prices, Intensify Market Concentration, and Bar Entry," MPRA Paper 112864, University Library of Munich, Germany, revised 26 Apr 2022.
- Rabbani, Maysam, 2023. "Mergers with future rivals can boost prices, bar entry, and intensify market concentration," International Journal of Industrial Organization, Elsevier, vol. 88(C).
- Gugler, Klaus & Szücs, Florian & Wohak, Ulrich, 2023.
"Start-up Acquisitions, Venture Capital and Innovation: A Comparative Study of Google, Apple, Facebook, Amazon and Microsoft,"
Department of Economics Working Paper Series
340, WU Vienna University of Economics and Business.
- Klaus Gugler & Florian Szücs & Ulrich Wohak, 2023. "Start-up Acquisitions, Venture Capital and Innovation: A Comparative Study of Google, Apple, Facebook, Amazon and Microsoft," Department of Economics Working Papers wuwp340, Vienna University of Economics and Business, Department of Economics.
- Kevin A. Bryan & Erik Hovenkamp, 2020. "Antitrust Limits on Startup Acquisitions," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 56(4), pages 615-636, June.
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.- Ensar Yılmaz & Zeynep Kaplan, 2022. "Heterogeneity of market power: firm-level evidence," Economic Change and Restructuring, Springer, vol. 55(2), pages 1207-1228, May.
- Patrick Mellacher, 2021. "Growth, Inequality and Declining Business Dynamism in a Unified Schumpeter Mark I + II Model," Papers 2111.09407, arXiv.org, revised Nov 2023.
- Charles A.E. Goodhart & Dimitrios P. Tsomocos & Xuan Wang, 2023.
"Support for small businesses amid COVID‐19,"
Economica, London School of Economics and Political Science, vol. 90(358), pages 612-652, April.
- Charles Goodhart & Dimitrios Tsomocos & Xuan Wang, 2020. "Support for Small Businesses amid COVID-19," Tinbergen Institute Discussion Papers 20-044/IV, Tinbergen Institute, revised 22 Jan 2021.
- Goodhart, Charles A.E. & Tsomocos, Dimitrios P. & Wang, Xuan, 2023. "Support for small businesses amid COVID‐19," LSE Research Online Documents on Economics 118164, London School of Economics and Political Science, LSE Library.
- Goodhart, Charles & Tsomocos, Dimitrios P & Wang, Xuan, 2020. "Support for Small Businesses amid COVID-19," CEPR Discussion Papers 15055, C.E.P.R. Discussion Papers.
- Forslid, Rikard & Okubo, Toshihiro, 2023.
"Trade, location, and multi-product firms,"
Regional Science and Urban Economics, Elsevier, vol. 100(C).
- Rikard FORSLID & OKUBO Toshihiro, 2018. "Trade, Location and Multiproduct Firms," Discussion papers 18075, Research Institute of Economy, Trade and Industry (RIETI).
- Forslid, Rikard & Okubo, Toshihiro, 2019. "Trade, Location and Multiproduct Firms," CEPR Discussion Papers 13528, C.E.P.R. Discussion Papers.
- Vallés, Javier & Salas Fumás, Vicente & San Juan, Lucio, 2022. "Corporate economic profits in the euro area: The relevance of cost competitive advantage," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 569-585.
- Kyoji Fukao & Cristiano Perugini, 2021.
"The Long‐Run Dynamics of the Labor Share in Japan,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 67(2), pages 445-480, June.
- Fukao, Kyoji & Perugini, Cristiano, 2018. "The Long-Run Dynamics of the Labour Share in Japan," Discussion Paper Series 672, Institute of Economic Research, Hitotsubashi University.
- Drautzburg, Thorsten & Fernández-Villaverde, Jesús & Guerrón-Quintana, Pablo, 2021.
"Bargaining shocks and aggregate fluctuations,"
Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
- Thorsten Drautzburg & Jesús Fernández-Villaverde & Pablo Guerrón-Quintana, 2017. "Bargaining Shocks and Aggregate Fluctuations," NBER Working Papers 23647, National Bureau of Economic Research, Inc.
- Thorsten Drautzburg & Jesús Fernández-Villaverde & Pablo Guerron-Quintana, 2021. "Bargaining Shocks and Aggregate Fluctuations," CESifo Working Paper Series 8989, CESifo.
- Fernández-Villaverde, Jesús & Drautzburg, Thorsten & Guerron, Pablo, 2021. "Bargaining Shocks and Aggregate Fluctuations," CEPR Discussion Papers 15979, C.E.P.R. Discussion Papers.
- Thorsten Drautzburg & Jesús Fernández-Villaverde & Pablo Guerrón-Quintana, 2020. "Bargaining Shocks and Aggregate Fluctuations," Working Papers 20-11, Federal Reserve Bank of Philadelphia.
- Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2018.
"Firms and Economic Performance: A view from Trade,"
Working Papers
1034, Barcelona School of Economics.
- Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2018. "Firms and Economic Performance: A View from Trade," Working Papers 1047, Barcelona School of Economics.
- Gancia, Gino & Bonfiglioli, Alessandra & Crinò, Rosario, 2018. "Firms and Economic Performance: A View from Trade," CEPR Discussion Papers 12829, C.E.P.R. Discussion Papers.
- Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2018. "Firms and Economic Performance: A View from Trade," Working Papers 876, Queen Mary University of London, School of Economics and Finance.
- Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2018. "Firms and economic performance: A view from trade," Economics Working Papers 1604, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2019.
- Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2019. "Firms and Economic Performance: A View from Trade," CESifo Working Paper Series 7444, CESifo.
- Sushant Acharya & Shu Lin Wee, 2018. "Replacement hiring and the productivity-wage gap," Staff Reports 860, Federal Reserve Bank of New York.
- Francesco Amodio & Nicolás de Roux, 2021.
"Labor Market Power in Developing Countries: Evidence from Colombian Plants,"
Documentos CEDE
19267, Universidad de los Andes, Facultad de Economía, CEDE.
- Amodio, Francesco & de Roux, Nicolás, 2021. "Labor Market Power in Developing Countries: Evidence from Colombian Plants," CEPR Discussion Papers 16180, C.E.P.R. Discussion Papers.
- Amodio, Francesco & de Roux, Nicolás, 2021. "Labor Market Power in Developing Countries: Evidence from Colombian Plants," IZA Discussion Papers 14390, Institute of Labor Economics (IZA).
- Steven Bond‐Smith, 2022. "Discretely innovating: The effect of limited market contestability on innovation and growth," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(3), pages 301-327, July.
- Diane Coyle & Jen‐Chung Mei, 2023.
"Diagnosing the UK productivity slowdown: which sectors matter and why?,"
Economica, London School of Economics and Political Science, vol. 90(359), pages 813-850, July.
- Diane Coyle & Jen-Chung Mei, 2022. "Diagnosing the Uk Productivity Slowdown: Which Sectors Matter and Why?," Working Papers 018, The Productivity Institute.
- Alon, Titan & Berger, David & Dent, Robert & Pugsley, Benjamin, 2018.
"Older and slower: The startup deficit’s lasting effects on aggregate productivity growth,"
Journal of Monetary Economics, Elsevier, vol. 93(C), pages 68-85.
- Titan Alon & David Berger & Robert Dent & Benjamin Pugsley, 2017. "Older and Slower: The Startup Deficit’s Lasting Effects on Aggregate Productivity Growth," NBER Working Papers 23875, National Bureau of Economic Research, Inc.
- Titan Alon & David Berger & Robert Dent & Benjamin Pugsley, 2018. "Older and Slower: The Startup Deficit’s Lasting Effects on Aggregate Productivity Growth," Working Papers 18-29, Center for Economic Studies, U.S. Census Bureau.
- Robert Dent & David Berger & Benjamin Pugsley & Titan Alon, 2017. "Older and Slower: The Startup Deficit's Lasting Effects on Aggregate Productivity Growth," 2017 Meeting Papers 1224, Society for Economic Dynamics.
- Crescioli, Tommaso & Martelli, Angelo, 2022. "Beyond the Great Reversal: Superstars, Unions, and the Euro," Single Market Economics Papers WP2022/8, Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (European Commission), Chief Economist Team.
- Chen, Yi & Jungbauer, Thomas & Wang, Zhe, 2023. "The strategic decentralization of recruiting," Journal of Economic Theory, Elsevier, vol. 209(C).
- Vasco M. Carvalho & Basile Grassi, 2019.
"Large Firm Dynamics and the Business Cycle,"
American Economic Review, American Economic Association, vol. 109(4), pages 1375-1425, April.
- Vasco Carvalho & Basile Grassi, 2015. "Large Firm Dynamics and the Business Cycle," Working Papers 824, Barcelona School of Economics.
- Vasco M. Carvalho & Basile Grassi, 2016. "Large Firm Dynamics and the Business Cycle," Cambridge Working Papers in Economics 1556, Faculty of Economics, University of Cambridge.
- Vasco Carvalho & Basile Grassi, 2015. "Large firm dynamics and the business cycle," Economics Working Papers 1481, Department of Economics and Business, Universitat Pompeu Fabra.
- Carvalho, Vasco & Grassi, Basile, 2015. "Large Firm Dynamics and the Business Cycle," CEPR Discussion Papers 10587, C.E.P.R. Discussion Papers.
- Lütkenhorst, Wilfried, 2018. "Creating wealth without labour? Emerging contours of a new techno-economic landscape," IDOS Discussion Papers 11/2018, German Institute of Development and Sustainability (IDOS).
- Matteo G. Richiardi & Luis Valenzuela, 2024.
"Firm heterogeneity and the aggregate labour share,"
LABOUR, CEIS, vol. 38(1), pages 66-101, March.
- Richiardi, Matteo G. & Valenzuela, Luis, 2019. "Firm Heterogeneity and the Aggregate Labour Share," MPRA Paper 94561, University Library of Munich, Germany.
- Richiardi, Matteo & Valenzuela, Luis, 2019. "Firm Heterogeneity and the Aggregate Labour Share," INET Oxford Working Papers 2019-08, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
- Richiardi, Matteo & Valenzuela, Luis, 2023. "Firm heterogeneity and the aggregate labour share," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA9/23, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
- Matteo Richiardi & Luis Valenzuela, 2019. "Firm Heterogeneity and the Aggregate Labour Share," LABORatorio R. Revelli Working Papers Series 166, LABORatorio R. Revelli, Centre for Employment Studies.
- Xavier Jaravel & Erick Sager, 2019.
"What are the price effects of trade? Evidence from the US and implications for quantitative trade models,"
CEP Discussion Papers
dp1642, Centre for Economic Performance, LSE.
- Xavier Jaravel & Erick Sager, 2019. "What are the Price Effects of Trade? Evidence from the U.S. and Implications for Quantitative Trade Models," 2019 Meeting Papers 1320, Society for Economic Dynamics.
- Xavier Jaravel & Erick Sager, 2019. "What are the Price Effects of Trade? Evidence from the U.S. and Implications for Quantitative Trade Models," Finance and Economics Discussion Series 2019-068, Board of Governors of the Federal Reserve System (U.S.).
- Jaravel, Xavier & Sager, Erick, 2019. "What are the Price Effects of Trade? Evidence from the U.S. and Implications for Quantitative Trade Models," CEPR Discussion Papers 13902, C.E.P.R. Discussion Papers.
- repec:hal:spmain:info:hdl:2441/5j3i17uo7399t940lrt6h6n545 is not listed on IDEAS
- Clemens Fuest & Felix Hugger & Susanne Wildgruber, 2022.
"Why Is Corporate Tax Revenue Stable While Tax Rates Fall? Evidence from Firm-Level Data,"
National Tax Journal, University of Chicago Press, vol. 75(3), pages 481-515.
- Clemens Fuest & Felix Hugger & Susanne Wildgruber, 2020. "Why Is Corporate Tax Revenue Stable While Tax Rates Fall? Evidence from Firm-Level Data," CESifo Working Paper Series 8605, CESifo.
More about this item
JEL classification:
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
- K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
- L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
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:aea:aerins:v:1:y:2019:i:1:p:77-94. 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: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.