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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w10323 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w10323 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567951 |
推荐引用方式 GB/T 7714 | 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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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w10323.pdf(422KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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