| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11218 |
| DP11218 Assessment of Post-merger Coordinated Effects: Characterization by Simulations | |
| Marc Ivaldi; Vicente Lagos | |
| 发表日期 | 2016-04-07 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper aims at evaluating the coordinated effects of horizontal mergers by simulating their impact on firms’ critical discount factors. We consider a random coefficient model on the demand side and heterogeneous price-setting firms on the supply side. Results suggest that mergers strengthen the incentives to collude among merging parties, but weaken the incentives of non-merging parties, with the former effect being stronger. To assess the magnitudes of these effects, we introduce the concepts of Asymmetry in Payoffs and Change in Payoffs effects, which allow us to identify appropriate screening tools according to the relative pre-merger payoffs of merging parties. |
| 主题 | Industrial Organization |
| 关键词 | Collusion Coordinated effects Critical discount factor Merger simulation |
| URL | https://cepr.org/publications/dp11218 |
| 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/540036 |
| 推荐引用方式 GB/T 7714 | Marc Ivaldi,Vicente Lagos. DP11218 Assessment of Post-merger Coordinated Effects: Characterization by Simulations. 2016. |
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