| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2752 |
| DP2752 Timeless Perspective Vs Discretionary Monetary Policy in Forward-Looking Models | |
| Bennett T McCallum; Edward Nelson | |
| 发表日期 | 2001-03-27 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper starts from a recent case studying how merger analysis in Europe may potentially be improved through simulation analysis. Starting from the product and geographic market definition in the Merger Decision, we formulate and estimate an oligopoly model with differentiated products. The model is simulated to account for the changed multiproduct ownership structure after the merger. We show how our first two tests, a potential and an actual market power test, produce useful information, complementary to the traditional dominance principle adopted in the European Union. A drastic revision of current merger principles is thus not required. We also show how simulation analysis can provide useful additional information that goes beyond the traditional dominance principle. This is illustrated through two examples. First, we analyse the effects of efficiencies through cost savings. Second, we compare alternative merger scenarios. |
| 主题 | Industrial Organization |
| 关键词 | Merger analysis Competition policy Differentiated product markets Nested logit models |
| URL | https://cepr.org/publications/dp2752 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531808 |
| 推荐引用方式 GB/T 7714 | Bennett T McCallum,Edward Nelson. DP2752 Timeless Perspective Vs Discretionary Monetary Policy in Forward-Looking Models. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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