Estimating the Potential Gains from Mergers
نویسندگان
چکیده
منابع مشابه
Potential gains from hospital mergers in Denmark.
The Danish hospital sector faces a major rebuilding program to centralize activity in fewer and larger hospitals. We aim to conduct an efficiency analysis of hospitals and to estimate the potential cost savings from the planned hospital mergers. We use Data Envelopment Analysis (DEA) to estimate a cost frontier. Based on this analysis, we calculate an efficiency score for each hospital and esti...
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Efficiency Gains from Mergers by Lars-Hendrik Röller, Johan Stennek and Frank Verboven The purpose of this discussion paper is to contribute to the analysis of two questions. Should a merger control system take into account efficiency gains from horizontal mergers, and balance these gains against the anti-competitive effects of mergers? If so, how should a system be designed to account for effi...
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In the theoretical literature, strong arguments have been provided in support of the efficiency defense in antitrust merger policy. One of the most often cited results is due to Williamson (1968) that shows how relatively small reduction in cost could offset the deadweight loss of a large price increase. Furthermore, Salant et al. (1983) demonstrate that (not for monopoly) mergers are unprofita...
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We analyze potential gains from hypothetical mergers in local public transport using the non-parametric Data Envelopment Analysis with bias corrections by means of bootstrapping. Our sample consists of 41 public transport companies from Germany’s most densely populated region, North Rhine-Westphalia. We merge them into geographically meaningful, larger units that operate partially on a joint tr...
متن کاملEndogenous Efficiency Gains from Mergers with and without Product Differentiation*
This paper analyzes endogenous efficiency gains from mergers. It considers oligopolistic homogeneous good markets and duopolistic and triopolistic markets under product differentiation (quantity and price competition). In a two-stage game, firms invest in cost-reducing innovation (with and without mergers) and then compete in output/prices. It is found that in homogeneous good markets, all poss...
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ژورنال
عنوان ژورنال: Journal of Productivity Analysis
سال: 2005
ISSN: 0895-562X,1573-0441
DOI: 10.1007/s11123-005-1326-7