THE WELFARE EFFECTS OF UPSTREAM MERGERS IN THE PRESENCE OF DOWNSTREAM ENTRY BARRIERS

Autor:	Manel Antelo, Lluís Bru
Rok vydání:	2006
Předmět:	Economics and Econometrics Bargaining power Consolidation (business) Market economy Incentive Short run media_common.quotation_subject Economic rent Economics Social Welfare Welfare Barriers to entry media_common
Zdroj:	International Economic Review. 47:1269-1294
ISSN:	1468-2354 0020-6598
Popis:	We examine the incentives for upstream firms to consolidate horizontally and the impact of this process on industry performance, when there are downstream entry barriers and firms negotiate bilaterally. In the short run, consumers are not worse off with upstream mergers, since consolidation only results in a redistribution of industry rents. In the long run, consumers are better off after upstream mergers, since they induce more entry into that segment. When social welfare is evaluated, a limit on upstream consolidation may prevent excessive entry; but upstream entry can be sometimes insufficient, if the retailers' intrinsic bargaining power is excessive.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1ea1c62373d9d6ab36c7e1e1a72de4a4 https://doi.org/10.1111/j.1468-2354.2006.00413.x Zobrazit plný text záznamu Plný text ve formátu PDF