Gugler, Klaus, Siebert , Ralph. 2007. Market Power versus Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry. Review of Economics and Statistics 89 (4): 645-659.
BibTeX
Abstract
Merger control authorities may approve a merger based on a so-called "efficiency defence". An important aspect in clearing mergers is that the efficiencies need to be merger-specific. Joint ventures, and in particular research joint ventures (RJVs), may achieve comparable efficiencies possibly without the anti-competitive (market power) effects of mergers. We present evidence for the semiconductor industry that RJVs indeed represent viable alternatives to mergers. We empirically account for the endogenous formation of mergers and RJVs.
Tags
Press 'enter' for creating the tagPublication's profile
| Status of publication | Published |
|---|---|
| Affiliation | WU |
| Type of publication | Journal article |
| Journal | Review of Economics and Statistics |
| Citation Index | SSCI |
| WU Journalrating 2009 | A |
| WU-Journal-Rating new | FIN-A, VW-A, WH-A |
| Language | English |
| Title | Market Power versus Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry |
| Volume | 89 |
| Number | 4 |
| Year | 2007 |
| Page from | 645 |
| Page to | 659 |
| URL | http://www.nber.org/papers/w10323 |
Associations
- People
- Gugler, Klaus (Details)
- External
- Siebert , Ralph (Purdue University, United States/USA)
- Organization
- Research Institute for Regulatory Economics FI (Details)
- Department of Economics (Gugler) (Details)
- Research areas (ÖSTAT Classification 'Statistik Austria')
- 5370 Industrial economics (Details)