This paper aims to evaluate the coordinated effects of horizontal mergers by simulating its impact on firms’ critical discount factors. The simulation setting considers a model with a random coefficient discrete choice demand and heterogeneous price-setting firms on the supply side. The results suggest that mergers strengthen the incentives to collude among merging parties, but weaken the incentives of non-merging parties. In addition, while the magnitude of this impact is moderate for the latter, it can be substantial for merging parties. Finally, general policy lessons regarding the assessment of the magnitude of these effects can be drawn from the results
We econometrically evaluate the performance effects of a six month elearning programme in a largeret...
The research was conducted to form a strategy in effort to help Nordease overcome the problem. Norde...
Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conv...
This paper aims to evaluate the coordinated effects of horizontal mergers by simulating its impact o...
This paper examines theoretical properties of incentive contracts in the hedge fund industry. We sho...
Political scientists and economists increasingly agree that institutions may influence economic grow...
In the centre of attention of Recovery Plan of the EU for period 2010‐14 are, so called, “smart inve...
The economic situation in Romania requires from the trader a rigorous analysis of vulnerabilities an...
In environmental matters, the free riding generated by the lack of collective action is aggravated b...
A lot happened even before the perceived beginning of this crisis in 2007, so although the events ar...
Three striking empirical regularities have been repeatedly reported: the positive correlation betwee...
The aim of this study is the particularisation of the accuracy margins for the determination of the ...
One consequence of the proliferation of preferential trade agreements is that an increasing share of...
Imagine that you have reached the pinnacle of your career, and you are sitting in the driver’s seat ...
How was CSR effectuated by Scandinavian management; does CSR make a difference/corporate relationshi...
We econometrically evaluate the performance effects of a six month elearning programme in a largeret...
The research was conducted to form a strategy in effort to help Nordease overcome the problem. Norde...
Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conv...
This paper aims to evaluate the coordinated effects of horizontal mergers by simulating its impact o...
This paper examines theoretical properties of incentive contracts in the hedge fund industry. We sho...
Political scientists and economists increasingly agree that institutions may influence economic grow...
In the centre of attention of Recovery Plan of the EU for period 2010‐14 are, so called, “smart inve...
The economic situation in Romania requires from the trader a rigorous analysis of vulnerabilities an...
In environmental matters, the free riding generated by the lack of collective action is aggravated b...
A lot happened even before the perceived beginning of this crisis in 2007, so although the events ar...
Three striking empirical regularities have been repeatedly reported: the positive correlation betwee...
The aim of this study is the particularisation of the accuracy margins for the determination of the ...
One consequence of the proliferation of preferential trade agreements is that an increasing share of...
Imagine that you have reached the pinnacle of your career, and you are sitting in the driver’s seat ...
How was CSR effectuated by Scandinavian management; does CSR make a difference/corporate relationshi...
We econometrically evaluate the performance effects of a six month elearning programme in a largeret...
The research was conducted to form a strategy in effort to help Nordease overcome the problem. Norde...
Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conv...