The Effects of Mergers in Differentiated Products Industries PDF Download
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Author: Gregory Werden
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 30
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Book Description
Author: Gregory Werden
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 30
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Book Description
Author: Gregory Werden
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 15
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Book Description
Author: Gregory Werden
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 42
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Book Description
Author: Luke M. Froeb
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 26
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Book Description
Author: Luke M. Froeb
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 10
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Book Description
Author: Aviv Nevo
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Traditional merger analysis, based on market definition and use of concentration measures to infer potential anti-competitive effects, is problematic and difficult to implement when evaluating mergers in industries with differentiated products. This paper discusses an alternative, which consists of demand estimation and the use of a model of post-merger conduct to simulate the competitive effects of a merger. I estimate a brand-level demand system for ready-to-eat cereal using supermarket scanner data. Demand parameter estimates are used to (1) recover marginal costs, (2) simulate post-merger price equilibria and (3) compute welfare effects, under a variety of assumptions. The methodology is applied to two recent mergers, one proposed merger that was called off and two hypothetical mergers among cereal manufacturers. For the two mergers that occurred predicted outcomes are compared to actual outcomes.
Author: F. William MacElroy
Publisher:
ISBN:
Category :
Languages : en
Pages : 17
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Author: Kai-Uwe Kühn
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
Author: Duarte Brito
Publisher: Kluwer Law International B.V.
ISBN: 9041124519
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
Drawing on twenty years of merger analysis literature, this single source offers practical solutions to a wide range of problems faced by specialists working in the field of mergers and acquisitions. The authors take an industrial organization approach in which effects on profits, on consumer surplus and on overall welfare are of greatest relevance. The focus is primarily on horizontal mergers, although vertical and conglomerate mergers are addressed when producers of complementary goods are involved. Among the issues and elements examined, the authors provide answers to the following: How does a merger affect the insider firm's profitabifity? Why may outsiders stock market value increase or decrease following a merger? What are the expected welfare effects of a merger? What sort of arguments can be used for merger defense? How do economists model the firm's merging decision? How can the authorities simulate the price effects of a horizontal merger? Is post-merger entry likely to compensate the effects of a merger? The discussion proceeds from an analysis of the simplest exercise of market power to evermore complex merger environments. In their detailed coverage of policy evaluation of proposed acquisitions, the authors provide a merger simulation toolkit which can be applied to important recent judicial decisions in the field. This book will be of great value not only to academics in microeconomics and industrial organization, but also to lawyers and officials seeking expert practical guidance in the business or administrative responsibilities surrounding mergers and acquisitions.
Author: Kai-Uwe Kühn
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 48
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Book Description
