The Effects Of Mergers In Differentiated Products Industries


The Effects Of Mergers In Differentiated Products Industries
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The Effects Of Mergers In Differentiated Products Industries


The Effects Of Mergers In Differentiated Products Industries
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Author : Gregory Werden
language : en
Publisher:
Release Date : 1993

The Effects Of Mergers In Differentiated Products Industries written by Gregory Werden and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Consolidation and merger of corporations categories.




The Effects Of Mergers In Differentiated Products Industries


The Effects Of Mergers In Differentiated Products Industries
DOWNLOAD
FREE 30 Days

Author : Gregory Werden
language : en
Publisher:
Release Date : 1993

The Effects Of Mergers In Differentiated Products Industries written by Gregory Werden and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Consolidation and merger of corporations categories.




The Demsetz Postulate And The Effects Of Mergers In Differentiated Products Industries


The Demsetz Postulate And The Effects Of Mergers In Differentiated Products Industries
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Author : Luke M. Froeb
language : en
Publisher:
Release Date : 1993

The Demsetz Postulate And The Effects Of Mergers In Differentiated Products Industries written by Luke M. Froeb and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Consolidation and merger of corporations categories.




Simulation As An Alternative To Structural Merger Policy In Differentiated Products Industries


Simulation As An Alternative To Structural Merger Policy In Differentiated Products Industries
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Author : Gregory Werden
language : en
Publisher:
Release Date : 1995

Simulation As An Alternative To Structural Merger Policy In Differentiated Products Industries written by Gregory Werden and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Consolidation and merger of corporations categories.




The Demsetz Postulate And The Effects Of Mergers In Differentiated Products Industries


The Demsetz Postulate And The Effects Of Mergers In Differentiated Products Industries
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FREE 30 Days

Author : Luke M. Froeb
language : en
Publisher:
Release Date : 1993

The Demsetz Postulate And The Effects Of Mergers In Differentiated Products Industries written by Luke M. Froeb and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Consolidation and merger of corporations categories.




Unilateral Effects From Mergers Of Firms Offering Differentiated Products


Unilateral Effects From Mergers Of Firms Offering Differentiated Products
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Author : Deirdre L. Hay
language : en
Publisher: Vandeplas Pub.
Release Date : 2008

Unilateral Effects From Mergers Of Firms Offering Differentiated Products written by Deirdre L. Hay and has been published by Vandeplas Pub. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Antitrust law categories.


This book considers how courts and regulatory agencies in Australia and in the US can and should assess mergers of firms which produce products or services differentiated in the minds of consumers from other products or services. (Most if not all products and services are differentiated at least to some degree so the topic is relevant to most mergers.) This book seeks the best solution for Australia to the difficulties posed by such mergers. It does so by comparing the approach taken in Australia with that taken in the US. In the US, the main method of merger analysis where there are differentiated products is to consider whether the merger of two firms will create unilateral effects i.e., higher prices, by eliminating the constraint each firm places on the other. In Australia, Courts and the Tribunal, and until recently the Australian Competition and Consumer Commission (ACCC), have not emphasized unilateral effects. Comparatively little use has been made in Australia of economic methods (developed in the US) to isolate and predict unilateral effects of a merger. This book is timely in light of the ACCC's recent Public Competition Assessment in Woolworths Limited - Proposed Acquisition of Kmart and Officeworks from Coles Group Limited in which the ACCC stated explicitly it performed a unilateral effects analysis, and because the Australian Merger Guidelines are likely to be amended soon to include a new section on unilateral effects analysis. Part I defines and explains the significance of product differentiation and how it can lead to unilateral effects. Part II analyses the US approach to predicting the unilateral effects of mergers of firms producing differentiated products. Part III considers how mergers of firms that produce differentiated products and unilateral market power are analysed in Australia. Part IV compares the two jurisdictions. It summarises the problems and insufficiencies of the current Australian approach and the benefits of the US approach, and concludes that the Australian Courts (and to a lesser extent the ACCC) are insufficiently emphasising unilateral effects in predicting the effect of mergers of firms producing differentiated products. It recommends that unilateral effects analysis should be used in Australia to augment the current Australian approach to merger analysis, the Australian Guidelines should be amended, and US economic methods should be used to predict unilateral effects. About the author: Dr. Deirdre Hay is at the law firm Harris Beach PLLC, Ithaca New York. She does antitrust work and represents financial institutions in banking and real estate transactions. She has considerable experience in antitrust counseling, transactional, and litigation matters in both the US and Australia and has practiced intellectual property law in Australia. She has represented international clients before the Department of Justice, the Federal Trade Commission, and Australian Competition and Consumer Commission. Dr. Hay was involved in the successful Full Federal Court appeal, News Limited v. Australian Rugby League Ltd. (1996) 64 FCR 410 (Superleague Appeal), Multigroup Distribution Services Pty. Ltd. v. TNT Australia Pty. Ltd. and Ors., Trade Practices Commission v. Australian Feather Mills Pty. Ltd. (1989) 26 FCR 555, as well as the deregulation hearings for Pennsylvania Power & Light. Dr. Hay is an editor of the American Bar Association's Antitrust Law Journal and has served as Managing Editor.



Mergers And Acquisitions


Mergers And Acquisitions
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Author : Duarte Brito
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2006-01-01

Mergers And Acquisitions written by Duarte Brito and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Business & Economics categories.


Drawing on twenty years of merger analysis literature, this single source offers practical solutions to a wide range of problems faced by specialists working in the field of mergers and acquisitions. The authors take an industrial organization approach in which effects on profits, on consumer surplus and on overall welfare are of greatest relevance. The focus is primarily on horizontal mergers, although vertical and conglomerate mergers are addressed when producers of complementary goods are involved. Among the issues and elements examined, the authors provide answers to the following: How does a merger affect the insider firm's profitabifity? Why may outsiders stock market value increase or decrease following a merger? What are the expected welfare effects of a merger? What sort of arguments can be used for merger defense? How do economists model the firm's merging decision? How can the authorities simulate the price effects of a horizontal merger? Is post-merger entry likely to compensate the effects of a merger? The discussion proceeds from an analysis of the simplest exercise of market power to evermore complex merger environments. In their detailed coverage of policy evaluation of proposed acquisitions, the authors provide a merger simulation toolkit which can be applied to important recent judicial decisions in the field. This book will be of great value not only to academics in microeconomics and industrial organization, but also to lawyers and officials seeking expert practical guidance in the business or administrative responsibilities surrounding mergers and acquisitions.



The Economics Of The Antitrust Process


The Economics Of The Antitrust Process
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Author : M.B. Coate
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

The Economics Of The Antitrust Process written by M.B. Coate and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.


This book focuses on the antitrust process and how that process affects the efficiency of antitrust law enforcement. The contributors share a wide range of experiences in the antitrust process, including academia, the legal environment, and both private and public sectors. The book deals first with merger activities, followed by non-merger enforcement initiatives and concludes with an examination of the future role of antitrust.



The Economic Theory Of Product Differentiation


The Economic Theory Of Product Differentiation
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Author : John Beath
language : en
Publisher: Cambridge University Press
Release Date : 1991-02-22

The Economic Theory Of Product Differentiation written by John Beath and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-02-22 with Business & Economics categories.


There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.



The Coordinated Effects Of Mergers In Differentiated Product Markets


The Coordinated Effects Of Mergers In Differentiated Product Markets
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Author : Kai-Uwe Kühn
language : en
Publisher:
Release Date : 2004

The Coordinated Effects Of Mergers In Differentiated Product Markets written by Kai-Uwe Kühn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Consolidation and merger of corporations categories.