This paper evaluates the price effects of the merger of two major u. Table of contents from the latest issues are harvested as they become available. Market power in the nordic wholesale electricity market. The development of internet has affected all economic sectors. The political economy of anititrust sic book, 2007. Total downloads of all papers by sven olof fridolfsson. University of salento otranto italy, basiliani congress.
This article reports results from an experiment studying how fines, leniency and rewards for whistleblowers affect cartel formation and prices. It has been a pleasure to work with you, and i credit especially you and lars for encouraging me to apply for the phd program. Anticompetitive behaviour probably stems from collusion within government andor family social networks. Expost merger evaluation in the uk retail market for books with luca. Trust, leniency and deterrence maria bigoni, svenolof fridolfsson. Contributions to economic analysis the political economy.
Gothenburg university, working papers in economics 704. We also thank lucy scioscia for professional editing. Information economics and policy, volume 26, march 2014, pages 4257. Energy market developments in the nordic countries bruegel. I want to thank sven olof fridolfsson, the discussant of my nal seminar for taking his time to read my work so thoroughly and providing me with many useful comments to improve this. Svenolof fridolfsson johan stennek we construct a model of endogenous mergers and study some issues of whether and how to control mergers, taking into account firms equilibrium response to policy. Nuclear capacity auctions with sven olof fridolfsson, energy journal, vol. The political economy of antitrust ebook, 2007 worldcat. How to make and attach wide chunky binding for quilts with carrie nelson of moda fabric duration. The discussion of the proper welfare standard for antitrust enforcement with a focus on merger analysis continues. Re is currently working on his thesis in the area of industrial organization, with an emphasis on. This event covered energy market developments in the nordic countries.
If you only have time for one article from todays research roundupand especially if you dont have the patience for something technicalmake it the framework for thinking about entrepreneurship laid out by henrekson and sanandaji in the introductory chapter to institutional. International association for energy economics the. A consumer surplus defense in merger control svenolof fridolfsson. Implications for merger control 217 marc ivaldi, bruno jullien, patrick rey, paul seabright and. Motivated by recent events and experiences in antitrust enforcement and policy in the united states and the european union, and new insights and findings from academic research, this book presents a collection of theoretical, empirical and public policyoriented articles representing recent research on the politicaleconomy of antitrust. A reexamination of renewable electricity policy in sweden with sven olof fridolfsson, energy policy, vol. Pdf why mergers reduce profits, and raise shareprices. Dont miss your opportunity to present your research. Books of the research area markets and political economy. Nuclear capacity auctions with svenolof fridolfsson, energy journal, vol. The unit is also responsible for the authoritys overall management function of external tipoffs and enquiries and for the itsupport in the organisation. Adrian blundellwignall book release euasia final programme italian tax policy jukka pertola repolarization snee sofiero twitter vieri. Trust, leniency and deterrence, working paper series 859, research institute of industrial economics, revised 11 dec 2014.
From springer bibliographic data for series maintained by sonal shukla. The pros and cons of merger control by karl lundvall ssrn. Chapter 9 the economics and politics of international merger enforcement. The unit is responsible for external and internal communications, publications and press. Essays on endogenous merger theory, dissertations in economics, stockholm university, 2001. The structure of the financial sector is the cause of anticompetitive behaviour. Theory, empirics and experiments university of salento otranto italy, basiliani congress center, 2324 june 2011 index conference venue committees program overview book of abstracts list of participants.
Capacity auctions for nuclear investments in sweden and europe. Why mergers reduce profits and raise share prices a theory of preemptive mergers sven olof fridolfsson johan stennek the research institute of industrial economics iui, stockholm the research institute of industrial economics iui, stockholm abstract we provide a possible explanation for the empirical puzzle that mergers often reduce. A consumer surplus defense in merger control, working paper series 686, research institute of industrial economics. The economics and politics of international merger enforcement. By chloe le coq and giancarlo spagnolo with maria bigoni and svenolof fridolfsson, working paper. International association for energy economics the energy. A properly designed auction allocates the license to t. One particular kind of industry shock, deregulation, becomes a dominant factor, accounting for nearly half of the merger activity since the late 1980s. Essays on informational asymmetries in mergers and. Our conferences provide the opportunity to hear the latest research in energy economics and dialogue that takes place between industry, government and academia.
Sven olof fridolfsson swedish competition authority. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Journal of the european economic association september 2005 35. This list covers top ranked a or a law journals selected from the arc australian research council ranked journal list and asian law related journals of interest to the hku community. Why mergers reduce profits and raise share prices a theory of preemptive mergers svenolof fridolfsson johan stennek the research institute of industrial economics iui, stockholm the research institute of industrial economics iui, stockholm abstract we provide a possible explanation for the empirical puzzle that mergers often reduce. Anticompetitive behaviour among malaysias financial firms. Sven olof fridolfsson johan stennek we construct a model of endogenous mergers and study some issues of whether and how to control mergers, taking into account firms equilibrium response to policy. Fridolfsson, sven olof, a consumer surplus defense in merger control, in vivek ghosal and john stennek, eds.
Svenolof fridolfsson and johan stennek, why mergers. Svenolof fridolfsson research institute of industrial. This book commemorates the 10th anniversary of the swedish competition authority and consists of four individual contributions from independent scholars and professionals with expertise in the economics of merger control. Discussion papers centre for economic policy research. As in previous decades, merger activity clusters by industry during the 1990s. Svenolof walldoff 2 may 1929, lerback, sweden 7 june 2011, masthugget, sweden was a swedish record producer, composer and orchestra conductor who is best known for conducting the orchestra for abbas song waterloo for the eurovision song contest 1974, wearing a napoleon costume. Control decision with paolo buccirossi, lorenzo ciari, svenolof fridolfsson. A consumer surplus defense in merger control sven olof fridolfsson. Why mergers reduce profits and raise share pricesa theory. Track citations for all items by rss feed is something missing from the series or not right. In this article, svenolof fridolfsson examines the contested issue of whether market power may. Research institute of industrial economics ifn maria bigoni.
See all articles by svenolof fridolfsson svenolof fridolfsson. Market power reduces incentives to invest in nuclear power. A survey of the empirical evidence, working paper series 773, research institute of industrial economics. Section 4 of the 1984 merger guidelines, which addresses nonhorizontal mergers, remains technically in effect. International association for energy economics online. It has had a large impact on how people communicate, trade goods and services, and interact in their professional and social life. Consumer surplus as the appropriate standard for antitrust. The sixth edition of the lear conference will focus on how this influence is shaping the economic practice, the way firms compete and antitrust enforcement. Contributions to economic analysis the political economy of.
Easily share your publications and get them in front of issuus. Risk aversion, prospect theory, and strategic risk in law enforcement. A reexamination of renewable electricity policy in sweden with svenolof fridolfsson, energy policy, vol. A preemption model of mergers, journal of economics, 2014, 1, 2.
However, formatting rules can vary widely between applications and fields of interest or study. We analyze the pros and cons of an intergrated european electricity market. Discussion papers by giancarlo spagnolo, site, stockholm school of economics. We use a dataset containing monthly scanner data on a sample of 200 books in 50 local markets for four years. Svenolof fridolfsson of research institute of industrial economics, stockholm ifn read 19 publications contact svenolof fridolfsson. Nuclear capacity auctions by svenolof fridolfsson, thomas. The impact of mergers and acquisitions on the performance of the greek banking sector. Svenolof walldoff 2 may 1929 7 june 2011 was a swedish record producer, composer and orchestra conductor who is best known for conducting the orchestra for abbas song waterloo for the eurovision song contest 1974, wearing a napoleon costume. Economica is a leading economics journal, appearing high in the published citation rankings. I want to thank svenolof fridolfsson, the discussant of my nal seminar for taking his time to read my work so thoroughly and providing me with many useful comments to improve this. To view current issues of journals, click individual journal titles. On the use of stockmarket evidence from horizontal mergers.
Rob alessie, bas ter weel, casper van ewijk, jan c. Thomas tangeras, research institute of industrial economics. Total downloads of all papers by svenolof fridolfsson. Network competition with income effects, rand journal of economics, vol. An integrated electricity market improves competitiveness of the eu internal market. Why mergers reduce profits and raise share pricesa theory of. We propose nuclear capacity auctions as a means to improve the incentives for investing in nuclear power. The 1968, 1982, 1984 except for section 4, 1992, and 1997 merger guidelines have been superseded by the 2010 merger guidelines. Remissvar pa analys av mojliga atgarder for att dampa prisomradesproblematiken i sydsverige by svenolof fridolfsson, par holmberg and thomas tangeras, march, 20.
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