|
EconStor >
Heinrich-Heine-Universität Düsseldorf >
Düsseldorf Institute for Competition Economics (DICE), University of Düsseldorf >
DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/60470
|
| | |
| Title: | | An equilibrium analysis of efficiency gains from mergers  |
| Authors: | | Jovanovic, Dragan Wey, Christian |
| Issue Date: | | 2012 |
| Series/Report no.: | | DICE Discussion Paper 64 |
| Abstract: | | We analyze the efficiency defense in merger control. First, we show that the relationship between exogenous efficiency gains and social welfare can be non-monotone. Second, we consider both endogenous mergers and endogenous efficiencies and find that merger proposals are largely aligned with a proper social welfare analysis which explicitly considers the without merger counterfactual. We demonstrate that the merger specificity requirement does not help much to select socially desirable mergers; to the contrary, it may frustrate desirable mergers inducing firms not to claim efficiencies at all. |
| Subjects: | | Horizontal Mergers Efficiency Defense Merger Specific Efficiencies |
| JEL: | | K21 L13 L41 |
| ISBN: | | 978-3-86304-063-5 |
| Document Type: | | Working Paper |
| Appears in Collections: | | DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE)
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/60470
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|