English, Article, Journal or magazine article edition: How much efficiency gains and price reductions for an efficiency defense?. Simona Fabrizi; Steffen Lippert

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Bookmark: http://trove.nla.gov.au/version/183361
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • How much efficiency gains and price reductions for an efficiency defense?.
Author
  • Simona Fabrizi
  • Steffen Lippert
Physical Description
  • preprint
Notes
  • 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.
  • Mergers, Efficiency Defense, Moral Hazard
  • RePEc:ehu:dfaeii:200404
Language
  • English
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