search query: @author Schinkel, M.P. / total: 1
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| Author: | Goppelsroeder, M. Schinkel, M.P. Tuinstra, J. |
| Title: | Quantifying the scope for efficiency defense in merger control: the Werden-Froeb Index |
| Journal: | Journal of Industrial Economics
2008 : DEC, VOL. 56:4, p. 778-808 |
| Index terms: | companies mergers control |
| Language: | eng |
| Abstract: | This paper presents the Werden-Froeb Index (WFI) to assist in evaluating merger-specific efficiencies in horizontal mergers (henceforth as: h-mrgs). The index measures the weighted average reduction in marginal costs required to restore pre-merger equilibrium prices and quantities after the full/partial merger is finalised. The WFI is well defined, objective and robust, with relatively low information requirements. The index is proposed as a natural complement to concentration measures, e.g. the Hirschmann-Herfindahl Index in the assessment of h-mgrs. |
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