Matches in SemOpenAlex for { <https://semopenalex.org/work/W2069883922> ?p ?o ?g. }
Showing items 1 to 70 of
70
with 100 items per page.
- W2069883922 endingPage "427" @default.
- W2069883922 startingPage "427" @default.
- W2069883922 abstract "A MERGER in an industry with differentiated products increases the market power of the merging firms to the extent that their products are close substitutes and that other firms produce only more distant substitutes.' Such a merger makes the residual demand curve of each partner steeper, by shifting each in the direction of the industry demand curve.2 The extent of this increase in market power depends upon the own-elasticity of demand for each merging firm's product, as well as the cross-elasticity of demand for each with all other firms' products. As a result, evaluating the effect of a merger between two firms with n-2 other competitors would seem to require the estimation of at least n2 parameters (all of the price elasticities of demand), a formidable task. That extremely difficult estimation task is unnecessary, however. The necessary information is contained in the slopes of the two single-firm (residual) demand curves before the merger, and the extent to which the merged firm will face a steeper demand curve. For example, suppose a merger between two U.S. brewing firms, say Pabst and Anheuser-Busch, were proposed. It is not particularly important to determine whether it is competition from Miller or competition from Stroh (or from Heileman, or .. .) which puts the most effective brake on Anheuser-Busch's pricing. Only the total effect of these other firms and the particular effect of competition from Pabst are of interest. This paper proposes econometric procedures for estimating the demand system that merger partners will face, based only on pre-merger data. The key to the procedures is that the effects of all other firms in the industry are summed together. Formally, we start with a model of an n-firm product-differentiated industry. Manipulation of the model removes the prices and quantities of all but two firms. This reduces the dimensionality of the problem to manageable size; rather than an n-firm demand system, we estimate a two-firm residual demand system. In this way the technique extends our econometric method for" @default.
- W2069883922 created "2016-06-24" @default.
- W2069883922 creator A5026846470 @default.
- W2069883922 creator A5051484554 @default.
- W2069883922 date "1985-06-01" @default.
- W2069883922 modified "2023-09-25" @default.
- W2069883922 title "The Gains from Merger or Collusion in Product-Differentiated Industries" @default.
- W2069883922 doi "https://doi.org/10.2307/2098385" @default.
- W2069883922 hasPublicationYear "1985" @default.
- W2069883922 type Work @default.
- W2069883922 sameAs 2069883922 @default.
- W2069883922 citedByCount "192" @default.
- W2069883922 countsByYear W20698839222012 @default.
- W2069883922 countsByYear W20698839222013 @default.
- W2069883922 countsByYear W20698839222014 @default.
- W2069883922 countsByYear W20698839222015 @default.
- W2069883922 countsByYear W20698839222016 @default.
- W2069883922 countsByYear W20698839222017 @default.
- W2069883922 countsByYear W20698839222018 @default.
- W2069883922 countsByYear W20698839222019 @default.
- W2069883922 countsByYear W20698839222020 @default.
- W2069883922 countsByYear W20698839222021 @default.
- W2069883922 countsByYear W20698839222022 @default.
- W2069883922 countsByYear W20698839222023 @default.
- W2069883922 crossrefType "journal-article" @default.
- W2069883922 hasAuthorship W2069883922A5026846470 @default.
- W2069883922 hasAuthorship W2069883922A5051484554 @default.
- W2069883922 hasBestOaLocation W20698839222 @default.
- W2069883922 hasConcept C144133560 @default.
- W2069883922 hasConcept C162324750 @default.
- W2069883922 hasConcept C16520705 @default.
- W2069883922 hasConcept C175444787 @default.
- W2069883922 hasConcept C2524010 @default.
- W2069883922 hasConcept C2781198186 @default.
- W2069883922 hasConcept C33556415 @default.
- W2069883922 hasConcept C33923547 @default.
- W2069883922 hasConcept C40700 @default.
- W2069883922 hasConcept C90673727 @default.
- W2069883922 hasConceptScore W2069883922C144133560 @default.
- W2069883922 hasConceptScore W2069883922C162324750 @default.
- W2069883922 hasConceptScore W2069883922C16520705 @default.
- W2069883922 hasConceptScore W2069883922C175444787 @default.
- W2069883922 hasConceptScore W2069883922C2524010 @default.
- W2069883922 hasConceptScore W2069883922C2781198186 @default.
- W2069883922 hasConceptScore W2069883922C33556415 @default.
- W2069883922 hasConceptScore W2069883922C33923547 @default.
- W2069883922 hasConceptScore W2069883922C40700 @default.
- W2069883922 hasConceptScore W2069883922C90673727 @default.
- W2069883922 hasIssue "4" @default.
- W2069883922 hasLocation W20698839221 @default.
- W2069883922 hasLocation W20698839222 @default.
- W2069883922 hasOpenAccess W2069883922 @default.
- W2069883922 hasPrimaryLocation W20698839221 @default.
- W2069883922 hasRelatedWork W1515926586 @default.
- W2069883922 hasRelatedWork W1518813011 @default.
- W2069883922 hasRelatedWork W1536954808 @default.
- W2069883922 hasRelatedWork W1597346641 @default.
- W2069883922 hasRelatedWork W1861389729 @default.
- W2069883922 hasRelatedWork W2233591426 @default.
- W2069883922 hasRelatedWork W2350936048 @default.
- W2069883922 hasRelatedWork W2360348984 @default.
- W2069883922 hasRelatedWork W3121613689 @default.
- W2069883922 hasRelatedWork W3124726538 @default.
- W2069883922 hasVolume "33" @default.
- W2069883922 isParatext "false" @default.
- W2069883922 isRetracted "false" @default.
- W2069883922 magId "2069883922" @default.
- W2069883922 workType "article" @default.