| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w6751
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| 来源ID | Working Paper 6751
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| Horizontal Mergers in the Paper Industry |
| Martin Pesendorfer
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| 发表日期 | 1998-10-01
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| 出版年 | 1998
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| 语种 | 英语
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| 摘要 | This paper examines mergers and acquisitions in the US paper and paperboard industry. This industry experienced a wave of horizontal mergers during the mid 1980s. We study implications of mergers on consumers, rival firms, and welfare. The analysis is based on a model of investment decisions. We compare the equilibrium investment decisions prior to and after the merger wave. The evidence indicates that the efficiency of the majority of acquiring firms increases following an acquisition. Based on the parameter estimates, we calculate merger welfare effects. We find that total welfare increased by $583.5 million as a result of the mergers. |
| URL | https://www.nber.org/papers/w6751
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564260
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推荐引用方式
GB/T 7714 |
Martin Pesendorfer. Horizontal Mergers in the Paper Industry. 1998.
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文件名：
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w6751.pdf
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格式：
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Adobe PDF
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