| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9027 |
| DP9027 Does Merger Simulation Work? A "Natural Experiment" in the Swedish Analgesics MarketMarket | |
| Frank Verboven; Jonas Björnerstedt | |
| 发表日期 | 2012-07-01 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We exploit a natural experiment associated with a large merger in the Swedish market for analgesics (painkillers). We confront the predictions from a merger simulation study, as conducted during the investigation, with the actual merger effects over a two-year comparison window. The merger simulation model is based on a constant expenditures specification for the nested logit model (as an alternative to the typical unit demand specification). The model predicts a large price increase of 34% by the merging firms, because there is strong market segmentation and the merging firms are the only competitors in the largest segment. The actual price increase after the merger is of a similar order of magnitude: +42% in absolute terms and +35% relative to the |
| 主题 | Industrial Organization |
| 关键词 | Analgesics Constant expenditures nested logit Ex post merger analysis Merger simulation |
| URL | https://cepr.org/publications/dp9027 |
| 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/537865 |
| 推荐引用方式 GB/T 7714 | Frank Verboven,Jonas Björnerstedt. DP9027 Does Merger Simulation Work? A "Natural Experiment" in the Swedish Analgesics MarketMarket. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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