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TZID:Europe/Helsinki
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TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20180325T010000
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TZOFFSETFROM:+0300
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DTSTART:20181028T010000
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BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20181128T001500
DTEND;TZID=Europe/Helsinki:20181128T133000
DTSTAMP:20260713T134729
CREATED:20181122T135634Z
LAST-MODIFIED:20181122T135634Z
UID:12160-1543364100-1543411800@crest.science
SUMMARY:Emanuele Tarantino (Mannheim)  - "The Effect of Horizontal Mergers\, When Firms Compete in Prices and Investments"
DESCRIPTION:CREST Microeconomics Seminar :  \n\nTime: 12:15 pm – 1:30pm\nDate:  28st November 2018\nPlace: Room 3001.\n\n  \n\nEmanuele Tarantino (Mannheim) – “The Effect of Horizontal Mergers\, When Firms Compete in Prices and Investments” \nAbstract: \nWe study the effects of mergers when firms over differentiated products and compete in prices and investments. Since it is in principle ambiguous\, we use aggregative game theory to sign the net effect of the merger. We find that only if it entailed sufficient efficiency gains\, could the merger raise total investments and consumer surplus. We also prove there exist classes of models for which the results obtained with cost-reducing investments are equivalent to those with quality-enhancing investments. Finally\, we show that\, from the consumer welfare point of view\, a R&D cooperative agreement is superior to any consumer-welfare reducing merger.\n \n\nOrganizers:\nRoxana Fernandez Machado (CREST)\, Marie Laure Allain (CREST)\, and Pierre Boyer (CREST)\nSponsors:\nCREST\nLunch registration:\nFood provided\, no registration needed.\n\n  \n
URL:https://crest.science/event/emanuele-tarantino-mannheim-the-effect-of-horizontal-mergers-when-firms-compete-in-prices-and-investments/
LOCATION:3001
CATEGORIES:Microeconomics
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