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Bundling and Mergers in Energy Markets

Author

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  • Laurent Granier

    () (GATE Lyon Saint-Étienne - Groupe d'analyse et de théorie économique - ENS Lyon - École normale supérieure - Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet [Saint-Étienne] - Université de Lyon - CNRS - Centre National de la Recherche Scientifique)

  • Marion Podesta

    () (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc)

Abstract

Does bundling trigger mergers in energy industries? We observe mergers between rms belonging to various energy markets, for instance between gas and electricity providers. These mergers enable rms to bundle. We consider two horizontally di¤erentiated markets. In this framework, we show that bundling strategies in energy markets create incentives to form multi-market rms in order to supply bi- energy packages. Moreover, we nd that this type of merger is detrimental to social welfare.

Suggested Citation

  • Laurent Granier & Marion Podesta, 2010. "Bundling and Mergers in Energy Markets," Post-Print hal-00955456, HAL.
  • Handle: RePEc:hal:journl:hal-00955456
    DOI: 10.1016/j.eneco.2010.06.010
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00955456
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    References listed on IDEAS

    as
    1. John Thanassoulis, 2007. "Competitive Mixed Bundling and Consumer Surplus," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 16(2), pages 437-467, June.
    2. Nilssen, Tore & Sorgard, Lars, 1998. "Sequential horizontal mergers," European Economic Review, Elsevier, vol. 42(9), pages 1683-1702, November.
    3. Brito, Duarte, 2003. "Preemptive mergers under spatial competition," International Journal of Industrial Organization, Elsevier, vol. 21(10), pages 1601-1622, December.
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    Citations

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    Cited by:

    1. Baranes, Edmond & Podesta, Marion & Poudou, Jean-Christophe, 2016. "Mixed bundling may hinder collusion," Research in Economics, Elsevier, vol. 70(4), pages 638-658.
    2. Anna D'Annunzio & Mohammed Mardan & Antonio Russo, 2019. "Multi-Part Tariffs and Differentiated Commodity Taxation," CESifo Working Paper Series 7852, CESifo Group Munich.
    3. Juan Vélez, 2017. "Merger Effects with Product Complementarity: Evidence from Colombia’s Telecommunications," Borradores de Economia 1018, Banco de la Republica de Colombia.
    4. Vélez-Velásquez, Juan Sebastián, 2019. "Merger effects with product complementarity: Evidence from Colombia’s telecommunications," Information Economics and Policy, Elsevier, vol. 49(C).

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