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Author : Craig Peters
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.F/5 ( download)
Download or read book Evaluating the Performance of Merger Simulation written by Craig Peters and published by . This book was released on 2003 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Craig Peters
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (112 download)
Download or read book Evaluating the Performance of Merger Simulation written by Craig Peters and published by . This book was released on 2003 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yaa Akosa Antwi
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Evaluating the Performance of Merger Simulation written by Yaa Akosa Antwi and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Antitrust enforcement in the hospital industry has been an area of sharp contention in recent years. Prior to the decision in the Evanston Northwestern case in 2005, the Federal Trade Commission and the United States Department of Justice had lost the last seven hospital cases. One of the reasons for the failure of the government to prevail in these court cases has been their inability to convince the courts to accept their definition of a geographic market. In reviewing mergers, the antitrust enforcement authorities seek to determine what effects the proposed merger would have on prices, quality, and other related aspects of the prospectively merging firms' services. Most commonly, the primary focus is on the effect of the prospective merger on prices. There are a number of different approaches to the evaluation of hospital mergers, and these approaches often lead to differing predictions about the effects of the merger on hospital prices. In this paper we propose a method of hospital merger analysis which relies, in part, on calculating an index of hospital competition called the Logit Competition Index (LOCI). LOCI is calculated using hospital discharge data. Using these data, discharges are organized into types, the market shares of the hospitals in the analysis are calculated within these types, and then these market shares are aggregated together into a numerical index. Changes in this index due to a merger are theorized to predict the price changes caused by the merger. Consequently, our methodology does not require the definition of a geographical market. We apply our method to simulate merger effects of consummated and hypothetical mergers using data of hospitals in the state of California from 1992 to 2004. We find that the wave mergers that happened in California in the 1990's led to substantial increase in price not only for merging firms but also non-merging firms. Finally, because of the long span of our data, we are able to compare our predicted price increase with actual price increase of consummated mergers. Our methodology predicts well actual changes in price due to merger. These results have important implications for merger analysis in hospital markets and also for antitrust enforcement. It presents antitrust authorities with a methodology does not rely on geographic market definition but predicts fairly well price increases due to mergers.
Author : Pervez Ghauri
Publisher : Emerald Group Publishing
ISBN 13 : 1783506210
Total Pages : 198 pages
Book Rating : 4.7/5 (835 download)
Download or read book Evaluating Companies for Mergers and Acquisitions written by Pervez Ghauri and published by Emerald Group Publishing. This book was released on 2014-06-04 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume in the IBM series investigates how the evaluation of a target firm influence the outcome of mergers and acquisitions (M&As). Co-authored by international business expert Pervez Ghauri, it highlights the processes that evaluate potential acquisition targets, and how a proper evaluation can positively influence the M&A performance.
Author : Ioannis Kokkoris
Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (13 download)
Download or read book Do Merger Simulation and Critical Loss Analysis Differ Under the SLC and Dominance Test? written by Ioannis Kokkoris and published by . This book was released on 2017 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this article we will evaluate whether the application and the efficiency of two types of empirical analysis in the assessment of mergers in jurisdictions applying the dominance and the SLC tests are different due to the application of the different legal substantive test. Thus, we will consider whether the different legal substantive test leads to different application of the empirical analysis or to different assessment of mergers leading to non-coordinated effects by courts, based on the same empirical analysis.We will address two methods of empirical analysis that concern two essential stages in the assessment of a merger. One such type of empirical analysis refers to the assessment of the unilateral effects of the merger on competition and one that is used in the definition of the relevant market. These two methods are the merger simulation and the critical loss analysis respectively. We will investigate their theoretical background and see how these two methods are applied in practice in cases brought before courts in jurisdictions applying the dominance test and the SLC test. The jurisdictions we will focus in this article are the USA and the European Union. The next part of this article briefly deals with the SLC and the dominance test. The second part of this article deals with the mechanics and the case law behind the two above-mentioned empirical methods. Finally, in the last part of this article we will evaluate whether the methodology behind merger simulation, used in the evaluation of the competitive effects, and critical loss analysis, used in market definition, varies depending on the substantive test that competition authorities apply to assess mergers.
Author : Gregory Werden
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.F/5 ( download)
Download or read book Simulation as an Alternative to Structural Merger Policy in Differentiated Products Industries written by Gregory Werden and published by . This book was released on 1995 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael D. Noel
Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (13 download)
Download or read book Upward Price Pressure, Merger Simulation, and Merger Simulation Light written by Michael D. Noel and published by . This book was released on 2015 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Trade Commission and the Antitrust Division of the Department of Justice have traditionally used market shares as an early preliminary screen in evaluating the potential for anticompetitive effects of a proposed merger. Recently, Farrell and Shapiro proposed a new merger screen known as Upward Price Pressure. This article discusses the advantages and disadvantages of this screen, contrasts it to more complicated full merger simulations, and ultimately suggests a merger simulation light approach that has elements of both and that may be more useful in the very early stages of analysis.
Author : Hisayuki Yoshimoto
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (13 download)
Download or read book Reliability Examination in Horizontal-Merger Price Simulations written by Hisayuki Yoshimoto and published by . This book was released on 2016 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Horizontal-merger price simulations, which rely upon pre-merger data to predict post-merger prices, have been proposed and used in antitrust policymaking. However, a dearth of closely observed large mergers in differentiated-product industries makes empirical investigations of simulation performance extremely difficult, and raises many questions regarding the accuracy of simulation performance. Although a handful of previous studies exist, they focus on short-term simulation performances and ignore long-run effects of mergers. This research investigates the long-run simulation performance and long-run pricing effects of merger in the Korean automobile industry for the period 1991-2010. This period saw the merger of Hyundai and Kia Motors in 1998, a merger caused by the Asian economic crisis and which resulted in the conglomeration of 70 percent of the Korean automobile market. By taking Nevo's (2000, 2001) method as a base and measuring its performance against this real-world merger, I find that post-merger prices can be predicted reasonably well in the short term, but that large discrepancies appear in the long-run simulation. To account for this discrepancy, I confirm four further factors that appear essential to move toward a more accurate post-merger price simulation model: change in marginal costs, change in product lines, and change in consumer incomes and preferences. I counterfactually investigate each factor's contribution to price change, confirming their significance. In my investigation I estimate consumer preferences and substitution patterns leading up to the merger, then I calculate marginal costs, and simulate post-merger prices. In addition, I estimate automobile assembly plant-level production functions to evaluate merger synergy effects. By incorporating changes in the four factors I mention, I can account for 61 percent of the long-run price discrepancies.
Author : Roy Jacob Epstein
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (248 download)
Download or read book Merger Simulation written by Roy Jacob Epstein and published by . This book was released on 2001 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Geoffrey Michael Pofahl
Publisher :
ISBN 13 :
Total Pages : 349 pages
Book Rating : 4.:/5 (761 download)
Download or read book Essays on Horizontal Merger Simulation: The Curse of Dimensionality, Retail Price Discrimination, and Supply Channel Stage-games written by Geoffrey Michael Pofahl and published by . This book was released on 2006 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of the final essay is to explore the implementation of more realistic supply channel interactions in merger simulations. In particular, a two-stage pricing game is used to conduct merger simulations in the refrigerated orange juice category. The overriding finding is that comparisons with conventionally used models will not be practical until the relationship between demand specification and two-stage game modeling is better understood.
Author : Oliver Budzinski
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (131 download)
Download or read book Prospects and Limits of Merger Simulations as a Computational Antitrust Tool written by Oliver Budzinski and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kenneth Heyer
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.F/5 ( download)
Download or read book Predicting the Competitive Effects of Mergers by Listening to Customers written by Kenneth Heyer and published by . This book was released on 2006 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Peter A. G. van Bergeijk
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781958933
Total Pages : 240 pages
Book Rating : 4.9/5 (589 download)
Download or read book Modelling European Mergers written by Peter A. G. van Bergeijk and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modelling European Mergers presents a comprehensive and fresh perspective on the economic analysis of mergers by leading academics and competition policymakers from Europe and the US. The book frankly discusses the pro's and con's of using applied game theory models in merger control from a historical and theoretical perspective. Seven case studies on the actual use of advanced techniques and models in legal procedures provide a perspective from the national competition authorities in Belgium, Denmark, Italy. The Netherlands and Sweden on markets that range from basic goods such as bread and aperitifs to complex products such as electricity, literature and software. The case studies provide many insights into practical issues such as data collection, procedures and errors of predication, as well as in the relative merits of different econometric approaches. A recurring theme of the book is how economic insights insights can be translated into convincing legal decisions.
Author : James Peoples
Publisher : Emerald Group Publishing
ISBN 13 : 1780524692
Total Pages : 332 pages
Book Rating : 4.7/5 (85 download)
Download or read book Pricing Behaviour and Non-Price Characteristics in the Airline Industry written by James Peoples and published by Emerald Group Publishing. This book was released on 2012-01-03 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provokes the reader to think critically about the emergence of corporate styles of governance, management and leadership in higher education institutions (HEIs) and ways in which the demands of public management and the knowledge economy has shaped and re-shaped scholarly work and identity.
Author : Fred Gramlich
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.F/5 ( download)
Download or read book Coupon Remedies in Antitrust Cases written by Fred Gramlich and published by . This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gregory J. Werden
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.F/5 ( download)
Download or read book The Effect of Antitrust Policy on Consumer Welfare written by Gregory J. Werden and published by . This book was released on 2003 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Russell Pittman
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.F/5 ( download)
Download or read book Regulatory Reform written by Russell Pittman and published by . This book was released on 2003 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
