Arbeitspapier
Forward Contracting and the Welfare Effects of Mergers
I extend the oligopoly model of Allaz and Vila (1993) to explore how forward contracting affects the adverse welfare consequences of horizontal mergers. I derive a welfare statistic that, within the context of the model, is free of structural parameters. The statistic allows for conclusions that generalize across different cost and demand conditions. I then show that exogenous forward contracting mitigates welfare loss but that endogenous forward contracting exacerbates welfare loss provided the relevant industry is sufficiently concentrated.
- Sprache
-
Englisch
- Erschienen in
-
Series: EAG Discussion Paper ; No. EAG 13-1
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Miller, Nathan H.
- Ereignis
-
Veröffentlichung
- (wer)
-
U.S. Department of Justice, Antitrust Division, Economic Analysis Group (EAG)
- (wo)
-
Washington, DC
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Miller, Nathan H.
- U.S. Department of Justice, Antitrust Division, Economic Analysis Group (EAG)
Entstanden
- 2013
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