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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
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Jovanovic, Dragan | | en_US |
| dc.contributor.author | | Wey, Christian | | en_US |
| dc.date.accessioned | | 2012-08-08 | | en_US |
| dc.date.accessioned | | 2012-08-14T14:29:20Z | | - |
| dc.date.available | | 2012-08-14T14:29:20Z | | - |
| dc.date.issued | | 2012 | | en_US |
| dc.identifier.isbn | | 978-3-86304-063-5 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/60470 | | - |
| dc.description.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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | DICE Düsseldorf | | en_US |
| dc.relation.ispartofseries | | DICE Discussion Paper 64 | | en_US |
| dc.subject.jel | | K21 | | en_US |
| dc.subject.jel | | L13 | | en_US |
| dc.subject.jel | | L41 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Horizontal Mergers | | en_US |
| dc.subject.keyword | | Efficiency Defense | | en_US |
| dc.subject.keyword | | Merger Specific Efficiencies | | en_US |
| dc.subject.stw | | Horizontale Konzentration | | en_US |
| dc.subject.stw | | Fusion | | en_US |
| dc.subject.stw | | Wirtschaftliche Effizienz | | en_US |
| dc.subject.stw | | Fusionskontrolle | | en_US |
| dc.subject.stw | | Wohlfahrtsanalyse | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | An equilibrium analysis of efficiency gains from mergers | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 720815673 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:dicedp:64 | | - |
| Appears in Collections: | | DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE)
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