dc.contributor.author | Fabrizi, Simona | |
dc.contributor.author | Lippert, Steffen | |
dc.date.accessioned | 2012-02-06T14:45:47Z | |
dc.date.available | 2012-02-06T14:45:47Z | |
dc.date.issued | 2004 | |
dc.identifier.issn | 1988-088X | |
dc.identifier.uri | http://hdl.handle.net/10810/6750 | |
dc.description.abstract | Potential efficiency gains due to a merger can be used by competition authorities to judge upon proposed mergers. In a world where agents’ efforts, observable or unobservable, affect the success of a production cost reducing project that may be conducted as a stand-alone firm or in a merger, we characterize the merger decision and the type of errors a competition authority may make when it relies on an efficiency defense. In addition, we show that the occurrence of either type of errors is always smaller under the unobservable efforts assumption, than under the observable efforts one. | es |
dc.description.sponsorship | Universidad del País Vasco. Research supported by the Basque Government, Programa de Formación de Investigadores del Departamento de Educación, Universidades e Investigación and Universidad del País Vasco (project 9/UPV 00035.321-13560/2001) | es |
dc.language.iso | eng | es |
dc.publisher | University of the Basque Country, Department of Foundations of Economic Analysis II | es |
dc.relation.ispartofseries | DFAEII 2004.04 | |
dc.rights | info:eu-repo/semantics/openAccess | es |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-sa/3.0/ | * |
dc.subject | mergers | es |
dc.subject | efficiency defense | es |
dc.subject | moral hazard | es |
dc.title | How much efficiency gains and price reductions for an efficiency defense? 'Quanto Basta' | es |
dc.type | info:eu-repo/semantics/workingPaper | es |
dc.rights.holder | Attribution-NonCommercial-ShareAlike 3.0 Unported | * |
dc.subject.jel | D23 | |
dc.subject.jel | D82 | |
dc.subject.jel | L12 | |
dc.subject.jel | L23 | |
dc.subject.jel | L41 | |
dc.identifier.repec | RePEc:ehu:dfaeii:200404 | es |
dc.departamentoes | Fundamentos del análisis económico II | es_ES |
dc.departamentoeu | Ekonomia analisiaren oinarriak II | es_ES |
dc.subject.categoria | ECONOMICS, ECONOMETRICS AND FINANCE | |
dc.subject.categoria | INDUSTRIAL ORGANIZATION | |
dc.subject.categoria | MICROECONOMICS | |