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dc.contributor.authorJovanovic, Draganen
dc.contributor.authorWey, Christianen
dc.date.accessioned2012-08-08-
dc.date.accessioned2012-08-14T14:29:20Z-
dc.date.available2012-08-14T14:29:20Z-
dc.date.issued2012-
dc.identifier.isbn978-3-86304-063-5en
dc.identifier.urihttp://hdl.handle.net/10419/60470-
dc.description.abstractWe 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
dc.language.isoengen
dc.publisher|aHeinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE) |cDüsseldorfen
dc.relation.ispartofseries|aDICE Discussion Paper |x64en
dc.subject.jelK21en
dc.subject.jelL13en
dc.subject.jelL41en
dc.subject.ddc330en
dc.subject.keywordHorizontal Mergersen
dc.subject.keywordEfficiency Defenseen
dc.subject.keywordMerger Specific Efficienciesen
dc.subject.stwHorizontale Konzentrationen
dc.subject.stwFusionen
dc.subject.stwWirtschaftliche Effizienzen
dc.subject.stwFusionskontrolleen
dc.subject.stwWohlfahrtsanalyseen
dc.subject.stwTheorieen
dc.titleAn equilibrium analysis of efficiency gains from mergers-
dc.typeWorking Paperen
dc.identifier.ppn720815673en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:dicedp:64en

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