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Author : Riccardo De Bonis
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.X/5 (6 download)
Download or read book The Multimarket Contacts Theory written by Riccardo De Bonis and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Joel Baum
Publisher : Elsevier
ISBN 13 : 0762307218
Total Pages : 420 pages
Book Rating : 4.7/5 (623 download)
Download or read book Multiunit Organization and Multimarket Strategy written by Joel Baum and published by Elsevier. This book was released on 2001-06-15 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: A conspicuous feature of the modern economy is the multitude of multiunit systems that operate in several markets - an organizational form that arguably rivals the "M-form" as the 20th century's most successful. Research traditions studying multiunit systems include the multimarket perspective, which has used commitment and mutual forbearance theory, and the multiunit perspective, which has used learning and knowledge transfer theory. These perspectives are interdisciplinary, but to date there has been little direct interaction among them. This text aims to bring these areas together, discussing such things as: examining how variation in firm capabilities affects the co-ordination of branches and thus their forbearance or transfer of routines; bridging theories of market conduct and internal behaviour to explore how knowledge about markets and competitor behaviour is transferred among organizational units; making a theory of contingent multiunit or single-unit competitive advantage that can account for the coexistence of these organizational forms in many markets; and examining the effects of firm contacts in alliances or technological fields on their competitive behaviours.
Author : John T. Scott
Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (129 download)
Download or read book Multimarket Contacts written by John T. Scott and published by . This book was released on 2009 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the passage of the Celler-Kefauver Act in 1950, courts began applying Section 7 of the Clayton Act to conglomerate mergers. In recent years, however, conglomerate merger enforcement has been largely dormant. Yet during the same period when enforcement practices turned their focus away from conglomerate mergers, many economists have developed theory and evidence supporting the hypothesis that multimarket contact among diversified sellers can create market power in the individual markets in which the sellers compete - the multimarket contact hypothesis. The hypothesis has implications for Section 7 enforcement as to both conglomerate and horizontal mergers. This chapter briefly surveys the relevant case law and the enforcement history, reviews the theory and evidence relating to the multimarket contact hypothesis, and develops the implications of the hypothesis for the antitrust policy toward mergers.
Author : Silke Neubauer
Publisher : Springer-Verlag
ISBN 13 : 3663059790
Total Pages : 175 pages
Book Rating : 4.6/5 (63 download)
Download or read book Multimarket Contact and Organizational Design written by Silke Neubauer and published by Springer-Verlag. This book was released on 2013-04-17 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: Silke Neubauer analyses the implications of multimarket contact and organizational devices for market strategies and market results within a game-theoretic framework.
Author : Federal Trade Federal Trade Commission
Publisher : CreateSpace
ISBN 13 : 9781514156957
Total Pages : 32 pages
Book Rating : 4.1/5 (569 download)
Download or read book Multimarket Contact and Imperfect Information written by Federal Trade Federal Trade Commission and published by CreateSpace. This book was released on 2015-06-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: With perfect information about relevant strategic variables, economic theory predicts that firms engaged in competition across several markets sometimes can use their multimarket contact to blunt competitive forces. In practice, perfect information likely is not available, and it is well known that the existence of imperfect information can impede firms' collusive efforts. I extend a standard oligopoly supergame to examine simultaneously the effects of imperfect information and multimarket contact on the degree of cooperation that firms can sustain, and I reach the following conclusions. First, linkage of one market with perfect information and another with imperfect information may not increase profits, despite the slack in incentive constraints exploited in perfect information models. Second, multimarket contact does not increase profits if each market has too little uncertainty. Third, profits can be increased in a market in which some collusion initially is sustainable by linking it with a market in which no collusion initially is sustainable. The central theme of these results is that a market must generate sufficiently noisy signals for it to benefit another market through strategic linkage. This contrasts with the finding in individual markets that collusion decreases as the level of noise increases.
Author : James R. Boohaker
Publisher :
ISBN 13 :
Total Pages : 158 pages
Book Rating : 4.6/5 (431 download)
Download or read book Essays on Multi-Market Contact and Mutual Forbearance written by James R. Boohaker and published by . This book was released on 2020 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory states that as the number of firms in the market grows, firms behave more competitively and consumer choice therefore improves. However, when the same set of firms compete in multiple markets, there could exist some inter-market dynamics where a firm can react to a decision taken by a competitor in one market in a completely different market where that competitor is also present. One scenario is that firms competing across multiple markets will try to "play nice" with one another to avoid possible cross market retaliation. Corwin Edwards first posited this theory in 1955 and called it "mutual forbearance" (MF). When one set of firms competes in more than one market, then these firms have multi-market contact (MMC). Past empirical and theoretical research on multi-market competition further affirms a significant relationship between MMC and firm behavior related to competition and market entry. While literature on the effects of MMC is vast, most works focus on firm behavior in domestic markets. Chapters 3 and 4 of this dissertation aim to add to the sparse literature on the effect of MMC on firms operating in international markets. Motivated by litigation finding evidence of collusive behavior between battery manufacturers, I use confidential trade transaction data maintained by the U.S. Census Bureau to provide empirical evidence that MMC has a positive and significant effect on export prices and market entry among likely competitors in international battery markets. In addition, this dissertation also explores the mechanism driving the relationship between MMC and cooperation among competitors. The established theoretical reasoning concludes that firms with MMC are likely to cooperate to avoid punishment in other markets. Using an agent-based simulation approach where simulated learning firms compete in an iterated Prisoner's Dilemma , I uncover a potential alternative mechanism where increased familiarity of competitors makes cooperation more likely.
Author : Federal Trade Federal Trade Commission
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781523326631
Total Pages : 32 pages
Book Rating : 4.3/5 (266 download)
Download or read book Multimarket Contact and Imperfect Information written by Federal Trade Federal Trade Commission and published by Createspace Independent Publishing Platform. This book was released on 2016-01-10 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: With perfect information about relevant strategic variables, economic theory predicts that firms engaged in competition across several markets sometimes can use their multimarket contact to blunt competitive forces. In practice, perfect information likely is not available, and it is well known that the existence of imperfect information can impede firms' collusive efforts. I extend a standard oligopoly supergame to examine simultaneously the effects of imperfect information and multimarket contact on the degree of cooperation that firms can sustain, and I reach the following conclusions. First, linkage of one market with perfect information and another with imperfect information may not increase profits, despite the slack in incentive constraints exploited in perfect information models. Second, multimarket contact does not increase profits if each market has too little uncertainty. Third, profits can be increased in a market in which some collusion initially is sustainable by linking it with a market in which no collusion initially is sustainable. The central theme of these results is that a market must generate sufficiently noisy signals for it to benefit another market through strategic linkage. This contrasts with the finding in individual markets that collusion decreases as the level of noise increases.
Author : Alon Eizenberg
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (141 download)
Download or read book Estimating the Strategic Effect of Multi-market Contact written by Alon Eizenberg and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory suggests that cross-market interactions affect the intensity of competition by aggregating Incentive Compatibility Constraints over markets. Building on this insight we develop a structural econometric model of multimarket contact. The model allows us to estimate the constraints and to evaluate the effect of their aggregation on the range of sustainable prices. We also derive analytical results and perform simulations that associate the multimarket contact effect with underlying demand parameters. This motivates demand estimation as an informative step in the empirical analysis of multimarket contact. We apply the model to a case-study of multimarket contact in the Israeli food sector. We find that profits and sales-weighted prices could potentially be increased, thanks to multimarket contact, by less than one percentage point, and interpret this modest effect through the lens of the model.
Author :
Publisher : Palgrave Macmillan
ISBN 13 : 9780230537217
Total Pages : 0 pages
Book Rating : 4.5/5 (372 download)
Download or read book The Palgrave Encyclopedia of Strategic Management written by and published by Palgrave Macmillan. This book was released on 2018-05-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Palgrave Encyclopedia of Strategic Management has been written by an international team of leading academics, practitioners and rising stars and contains almost 550 individually commissioned entries. It is the first resource of its kind to pull together such a comprehensive overview of the field and covers both the theoretical and more empirically/practitioner oriented side of the discipline.
Author : Thierry Foucault
Publisher : Oxford University Press
ISBN 13 : 0197542069
Total Pages : 531 pages
Book Rating : 4.1/5 (975 download)
Download or read book Market Liquidity written by Thierry Foucault and published by Oxford University Press. This book was released on 2023 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The process by which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. This book offers a more accurate and authoritative take on this process. The book starts from the assumption that not everyone is present at all times simultaneously on the market, and that participants have quite diverse information about the security's fundamentals. As a result, the order flow is a complex mix of information and noise, and a consensus price only emerges gradually over time as the trading process evolves and the participants interpret the actions of other traders. Thus, a security's actual transaction price may deviate from its fundamental value, as it would be assessed by a fully informed set of investors. The book takes these deviations seriously, and explains why and how they emerge in the trading process and are eventually eliminated. The authors draw on a vast body of theoretical insights and empirical findings on security price formation that have come to form a well-defined field within financial economics known as "market microstructure." Focusing on liquidity and price discovery, the book analyzes the tension between the two, pointing out that when price-relevant information reaches the market through trading pressure rather than through a public announcement, liquidity may suffer. It also confronts many striking phenomena in securities markets and uses the analytical tools and empirical methods of market microstructure to understand them. These include issues such as why liquidity changes over time and differs across securities, why large trades move prices up or down, and why these price changes are subsequently reversed, and why we observe temporary deviations from asset fair values"--
Author : Luis C. Corchón
Publisher : Edward Elgar Publishing
ISBN 13 : 1788112784
Total Pages : 547 pages
Book Rating : 4.7/5 (881 download)
Download or read book Handbook of Game Theory and Industrial Organization, Volume II written by Luis C. Corchón and published by Edward Elgar Publishing. This book was released on 2018-02-23 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume of the Handbook includes original contribution by experts in the field. It provides up-to-date surveys of the most relevant applications of game theory to industrial organization. The book covers both classical as well as new IO topics such as mergers in markets with homogeneous and differentiated goods, leniency and coordinated effects in cartels and mergers, static and dynamic contests, consumer search and product safety, strategic delegation, platforms and network effects, auctions, environmental and resource economics, intellectual property, healthcare, corruption, experimental industrial organization and empirical models of R&D.
Author : Massimo Motta
Publisher : Cambridge University Press
ISBN 13 : 110739385X
Total Pages : 494 pages
Book Rating : 4.1/5 (73 download)
Download or read book Competition Policy written by Massimo Motta and published by Cambridge University Press. This book was released on 2004-01-12 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to provide a systematic treatment of the economics of antitrust (or competition policy) in a global context. It draws on the literature of industrial organisation and on original analyses to deal with such important issues as cartels, joint-ventures, mergers, vertical contracts, predatory pricing, exclusionary practices, and price discrimination, and to formulate policy implications on these issues. The interaction between theory and practice is one of the main features of the book, which contains frequent references to competition policy cases and a few fully developed case studies. The treatment is written to appeal to practitioners and students, to lawyers and economists. It is not only a textbook in economics for first year graduate or advanced undergraduate courses, but also a book for all those who wish to understand competition issues in a clear and rigorous way. Exercises and some solved problems are provided.
Author : Gideon Markman
Publisher : Edward Elgar Publishing
ISBN 13 : 0857936417
Total Pages : 553 pages
Book Rating : 4.8/5 (579 download)
Download or read book The Competitive Dynamics of Entrepreneurial Market Entry written by Gideon Markman and published by Edward Elgar Publishing. This book was released on 2011 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on general market entry usually focuses on large enterprises. Often, however, small entrants can alter the competitive dynamics of an industry. This volume brings together the most prominent thought leaders and the best research on the asymmetric entrant-incumbent dynamics. The ideas presented offer a more nuanced perspective on how, when, where and with what consequences small, single-product firms enter markets that are dominated by large, multiproduct and multimarket incumbents. Large enterprises often enjoy a number of advantages that young, small ventures (as well as matured, but still small firms) lack. These differences manifest not only in how large and small firms operate and in their resource-capability mix, but also in how they compete and interact with each other. Research on general market entry and competitive dynamics is extensive yet it focuses on entrants and incumbents that are of similar profile - similar size, comparable asset mixes, related product strategies, and equivalent organizational capabilities. The unique contribution of this volume is its concentration on asymmetric entrant-incumbent dynamics. Scholars and students in entrepreneurship, strategy, international business and related fields will find this excellent collection of key published and original material illuminating.
Author :
Publisher :
ISBN 13 :
Total Pages : 1226 pages
Book Rating : 4.:/5 (51 download)
Download or read book Antitrust Law Journal written by and published by . This book was released on 1986 with total page 1226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sigrid Stroux
Publisher : Kluwer Law International B.V.
ISBN 13 : 9041122966
Total Pages : 290 pages
Book Rating : 4.0/5 (411 download)
Download or read book US and EC Oligopoly Control written by Sigrid Stroux and published by Kluwer Law International B.V.. This book was released on 2004-01-01 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Any practitioner, policymaker, or academic, in the field of competition law could hardly ask for a more thoroughly documented work. EC and US antitrust law is examined, and dozens of court decisions are quoted, with complete citations throughout. The books is a gold mine for anyone interested in the important task of extending the reach of competition law and antitrust law in this era of globalization."--BOOK JACKET.
Author : Annette Risberg
Publisher : Routledge
ISBN 13 : 1135032548
Total Pages : 246 pages
Book Rating : 4.1/5 (35 download)
Download or read book Mergers & Acquisitions written by Annette Risberg and published by Routledge. This book was released on 2013-04-15 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mergers and acquisitions remain one of the most common forms of growth, yet they present considerable challenges for the companies and management involved. The effects on stakeholders, including shareholders, managers and employees, must be considered as well as the wider implications for the economy, the level of competition and employment. By drawing on classic research perspectives and placing them alongside more recent alternatives, this book provides readers with a focused yet far-reaching introduction to the study of M&As. Each paper is set in context by editorial commentaries and reflects the important organizational and behavioural aspects which have often been ignored in the past. By providing this in-depth understanding of the mergers and acquisitions process, the reader understands, not only how and why mergers and acquisitions occur, but also the broader implications for organizations. The book is structured clearly into sections concerned with the issues that arise before, during and after the mergers and acquisitions process including motives and planning, partner selection, integration, employee experiences and communication. A unique collection of selected readings and contextualising commentary, this volume will greatly appeal to MBA and graduate students as well as experienced practitioners.
Author : Renato Nazzini
Publisher : Oxford University Press
ISBN 13 : 0199226156
Total Pages : 486 pages
Book Rating : 4.1/5 (992 download)
Download or read book The Foundations of European Union Competition Law written by Renato Nazzini and published by Oxford University Press. This book was released on 2011-12 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Article 102 TFEU prohibits the abuse of a dominant position as incompatible with the common market. Here the difficulties of assessing abuse in terms of Article 82 in light of the objectives of EU competition law are addressed to establish a robust and workable analytical framework for abuse of dominance.
