We propose nuclear capacity auctions as a means to improve the incentives for investing in nuclear power. The political economy of anititrust sic book, 2007. This event covered energy market developments in the nordic countries. Trust, leniency and deterrence maria bigoni, svenolof fridolfsson. Svenolof fridolfsson of research institute of industrial economics, stockholm ifn read 19 publications contact svenolof fridolfsson. Pdf why mergers reduce profits, and raise shareprices. Our conferences provide the opportunity to hear the latest research in energy economics and dialogue that takes place between industry, government and academia. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. This article reports results from an experiment studying how fines, leniency and rewards for whistleblowers affect cartel formation and prices.
The discussion of the proper welfare standard for antitrust enforcement with a focus on merger analysis continues. Market power in the nordic wholesale electricity market. Journal of the european economic association september 2005 35. A consumer surplus defense in merger control svenolof fridolfsson. Easily share your publications and get them in front of issuus. Essays on endogenous merger theory, dissertations in economics, stockholm university, 2001. Track citations for all items by rss feed is something missing from the series or not right. Svenolof fridolfsson research institute of industrial. Gothenburg university, working papers in economics 704.
Nuclear capacity auctions with svenolof fridolfsson, energy journal, vol. University of salento otranto italy, basiliani congress. As in previous decades, merger activity clusters by industry during the 1990s. Nuclear capacity auctions with sven olof fridolfsson, energy journal, vol. However, formatting rules can vary widely between applications and fields of interest or study. A consumer surplus defense in merger control, working paper series 686, research institute of industrial economics. 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. The development of internet has affected all economic sectors. 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. A consumer surplus defense in merger control sven olof fridolfsson. In this article, sven olof fridolfsson examines the contested issue of whether market power may lead to underinvestment in nuclear power.
Why mergers reduce profits and raise share pricesa. Information economics and policy, volume 26, march 2014, pages 4257. A survey of the empirical evidence, working paper series 773, research institute of industrial economics. This paper evaluates the price effects of the merger of two major u. Total downloads of all papers by svenolof fridolfsson. A properly designed auction allocates the license to t. International association for energy economics the. Risk aversion, prospect theory, and strategic risk in law enforcement. From springer bibliographic data for series maintained by sonal shukla. Maria bigoni, svenolof fridolfsson, chloe le coq and giancarlo. 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. The political economy of antitrust ebook, 2007 worldcat.
Table of contents from the latest issues are harvested as they become available. Anticompetitive behaviour probably stems from collusion within government andor family social networks. Discussion papers by giancarlo spagnolo, site, stockholm school of economics. Chapter 9 the economics and politics of international merger enforcement. Essays on informational asymmetries in mergers and.
We also thank lucy scioscia for professional editing. 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. On the use of stockmarket evidence from horizontal mergers. By chloe le coq and giancarlo spagnolo with maria bigoni and svenolof fridolfsson, working paper. Anti versus procompetitive mergers, working paper series 694, research institute of industrial economics. 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. Trust, leniency and deterrence, working paper series 859, research institute of industrial economics, revised 11 dec 2014. Implications for merger control 217 marc ivaldi, bruno jullien, patrick rey, paul seabright and. Capacity auctions for nuclear investments in sweden and europe. 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. A reexamination of renewable electricity policy in sweden with sven olof fridolfsson, energy policy, vol.
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. 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. Iaee meets globally between three to five times per year. 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. Contributions to economic analysis the political economy of.
Remissvar pa analys av mojliga atgarder for att dampa prisomradesproblematiken i sydsverige by svenolof fridolfsson, par holmberg and thomas tangeras, march, 20. 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. Adrian blundellwignall book release euasia final programme italian tax policy jukka pertola repolarization snee sofiero twitter vieri. Sven olof fridolfsson swedish competition authority. Economica is a leading economics journal, appearing high in the published citation rankings. Svenolof fridolfsson and johan stennek, why mergers.
Market power reduces incentives to invest in nuclear power. 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. Nuclear capacity auctions by svenolof fridolfsson, thomas. International association for energy economics online. The pros and cons of merger control by karl lundvall ssrn. Consumer surplus as the appropriate standard for antitrust. Energy market developments in the nordic countries. 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. See all articles by svenolof fridolfsson svenolof fridolfsson. 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. Total downloads of all papers by sven olof fridolfsson.
Expost merger evaluation in the uk retail market for books with luca. Research institute of industrial economics ifn maria bigoni. International association for energy economics the energy. A reexamination of renewable electricity policy in sweden with svenolof fridolfsson, energy policy, vol. Re is currently working on his thesis in the area of industrial organization, with an emphasis on. Books of the research area markets and political economy. Thomas tangeras, research institute of industrial economics. Dont miss your opportunity to present your research. How to make and attach wide chunky binding for quilts with carrie nelson of moda fabric duration. For all these seemingly positive results, the ownership and control structure of malaysia s banks very likely leads to anticompetitive behaviour. The structure of the financial sector is the cause of anticompetitive behaviour. Fridolfsson, sven olof, a consumer surplus defense in merger control, in vivek ghosal and john stennek, eds.
In this article, svenolof fridolfsson examines the contested issue of whether market power may. Control decision with paolo buccirossi, lorenzo ciari, svenolof fridolfsson. Contributions to economic analysis the political economy. An integrated electricity market improves competitiveness of the eu internal market. We analyze the pros and cons of an intergrated european electricity market. Why mergers reduce profits and raise share pricesa theory. The research institute of industrial economics iui, stockholm. A preemption model of mergers, journal of economics, 2014, 1, 2. Rob alessie, bas ter weel, casper van ewijk, jan c. The 1968, 1982, 1984 except for section 4, 1992, and 1997 merger guidelines have been superseded by the 2010 merger guidelines. Anticompetitive behaviour among malaysias financial firms. Exclusive quality why exclusive distribution may benefit the tvviewers. It has had a large impact on how people communicate, trade goods and services, and interact in their professional and social life. Discussion papers centre for economic policy research.
The impact of mergers and acquisitions on the performance of the greek banking sector. The unit is responsible for external and internal communications, publications and press. A further potentially important aspect is the consequences associated with the concentrated ownership structure of nordic electricity plants, including the swedish nuclear power plants. We use a dataset containing monthly scanner data on a sample of 200 books in 50 local markets for four years. It took place as part of our ongoing energy and climate exchange series 2012. 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. Energy market developments in the nordic countries bruegel. Section 4 of the 1984 merger guidelines, which addresses nonhorizontal mergers, remains technically in effect. A book of this scope and magnitude can only be made possible by the generous.
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. To view current issues of journals, click individual journal titles. Why mergers reduce profits and raise share pricesa theory of preemptive mergers. One particular kind of industry shock, deregulation, becomes a dominant factor, accounting for nearly half of the merger activity since the late 1980s.
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