Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/174875 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
ESMT Working Paper No. 17-04
Verlag: 
European School of Management and Technology (ESMT), Berlin
Zusammenfassung: 
This paper studies five mergers in the European wireless telecommunication industry and analyzes their impact on prices and capital expenditures of both merging carriers and their rivals. We find substantial heterogeneity in the relationship between increases in concentration and carriers' prices. The specifics of each merger case clearly matter. Moreover, we find a positive correlation between the price and the investment effects; when the prices after merger increase (decrease), the investments increase (decrease) too. Thus, we document a trade-off between static and dynamic efficiencies of mergers.
Schlagwörter: 
telecom mergers
static and dynamic efficiency
difference-in-difference
JEL: 
L22
O33
G34
L96
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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