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来源类型Working Paper
规范类型报告
DOI10.3386/w10323
来源IDWorking Paper 10323
Market Power versus Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry
Ralph Siebert; Klaus Gugler
发表日期2004-02-29
出版年2004
语种英语
摘要Merger control authorities may approve a merger based on a so-called 'efficiency defence'. An important aspect in clearing mergers is that the efficiencies need to be merger-specific. Joint ventures, and in particular research joint ventures (RJVs), may achieve comparable efficiencies possibly without the anti-competitive (market power) effects of mergers. We present evidence for the semiconductor industry that RJVs indeed represent viable alternatives to mergers. We empirically account for the endogenous formation of mergers and RJVs.
主题Industrial Organization ; Market Structure and Firm Performance ; Antitrust
URLhttps://www.nber.org/papers/w10323
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/567951
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Ralph Siebert,Klaus Gugler. Market Power versus Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry. 2004.
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