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https://hdl.handle.net/10419/18677
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DC Field | Value | Language |
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dc.contributor.author | Mariuzzo, Franco | en |
dc.contributor.author | Walsh, Patrick Paul | en |
dc.contributor.author | Whelan, Ciara | en |
dc.date.accessioned | 2009-01-28T15:52:06Z | - |
dc.date.available | 2009-01-28T15:52:06Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/18677 | - |
dc.description.abstract | EU Merger Control Regulation No 4064/89 tended to rely on a dominance test, based on themarket share of undertakings, to indicate the level and potential changes in market power. Theuse of such in differentiated product industries is questionable. New EC Merger RegulationNo 139/2004 introduces a substantive test to ensure that all post-merger scenarios posing athreat to competition, even amongst small undertakings, are detected. We propose the use of asimple structural approach to undertake a substantive test. We illustrate our point over 28periods, 178 products (13 companies), for Retail Carbonated Soft Drinks. We estimatecompany (product) mark-ups using a 'simple? Nested Logit model, Berry (1994) and a more'sophisticated? model, Berry, Levinsohn and Pakes (1995). While the dominance test mayfail to identify damaging mergers in differentiated products industries, this technique will not. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1312 | en |
dc.subject.jel | L40 | en |
dc.subject.jel | L81 | en |
dc.subject.jel | L25 | en |
dc.subject.jel | L11 | en |
dc.subject.jel | K2 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | market shares | en |
dc.subject.keyword | market power | en |
dc.subject.keyword | differentiated products industries | en |
dc.subject.keyword | mergers | en |
dc.subject.stw | Fusionskontrolle | en |
dc.subject.stw | Produktdifferenzierung | en |
dc.subject.stw | Marktmacht | en |
dc.subject.stw | Relevanter Markt | en |
dc.subject.stw | EU-Staaten | en |
dc.title | EU merger control in differentiated product industries | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 477397158 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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