We analyze the effects of downstream firms’ acquisition of pure cash flow rights in an efficient upstream supplier when all firms compete in prices. With an acquisition, downstream firms internalize the effects of their actions on their rivals’ sales. Double marginalization is enhanced. Whereas full vertical integration would lead to decreasing, passive backwards ownership leads to increasing d...

We investigate the upstream and downstream product-market effects of a large sample of horizontal mergers and acquisitions from 1980 to 1997. We construct a data set that identifies the corporate customers, suppliers, and rivals of the firms initiating horizontal mergers and use this data set to examine announcement-related stock market revaluations and post-merger changes in operating performa...

Mobile and wireless (M&W) technologies have great potential to improve process efficiency and effectiveness within retail stores, but their application is still very limited. One of the main reasons explaining this situation is considered to be the lack of confidence in the actual benefits and, therefore, in the return on investment. As a matter of facts, activities in this...

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Our new evidence on the effectiveness of government intervention should lead policymakers to revisit industrial policy. If the EU is to grow and compete globally, there is a case for the European Commission to allow national or EU sectoral aid, if it is appropriately designed and governed to encourage the redirection of innovation and production. Horizontal support and sectoral aid for upstream...

The influence of firms’ ability to employ individualized pricing on the welfare consequences of horizontal mergers is examined in location models. In a two-to-one merger, the merger reduces consumer surplus more when firms can price discriminate based on individual preferences compared to when they cannot. However, the opposite holds true in a three-to-two merger, in which the reduction in cons...

Visualization 6 On Demand Business Fundamentals 8 Conclusions 8 References 8 Acknowledgements Visualization technologies deepen the content knowledge within the upstream disciplines. Summary Visualization and collaboration are strategic enablers of the data-rich and knowledge-constrained upstream enterprise. The On Demand business model provides a robust framework for building and fine-tuning t...

We consider several antecedent prediction models that use no pipelined features generated by upstream systems. Models trained in this way are interesting because they allow for side-stepping the intricacies of upstream models, and because we might expect them to generalize better to situations in which upstream features are unavailable or unreliable. Through quantitative and qualitative error a...