Investment and market power in mobile mergers View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

2019-03

AUTHORS

Georges V. Houngbonon, Francois Jeanjean

ABSTRACT

The welfare effects of mergers in the mobile industry is the topic of an ongoing debate, however, there is still a lack of empirical evidence about the effect on consumer surplus. In this paper, we provide a simple structural model that accounts for investment in order to investigate the effect of mergers on consumer surplus in the mobile industry. Using a Cournot model with investment in cost-reducing technologies, and data on mobile Internet traffic from 18 European markets, we find that consumer surplus is maximized in markets with 3 symmetric operators. This finding accords well with a rising price per user and investment as a result of a merger. It suggests that, in mobile mergers, except 3-2 merger, dynamic efficiencies from investment outweigh static efficiencies from market power. More... »

PAGES

65-81

Journal

TITLE

Economia e Politica Industriale

ISSUE

1

VOLUME

46

Author Affiliations

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s40812-019-00110-4

DOI

http://dx.doi.org/10.1007/s40812-019-00110-4

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1111839955


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