Horizontal mergers in the paper industry

RAND Journal of Economics

Volumn 34, Issue 3, 2003, Pages 495-515

  Pesendorfer, Martin ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0242511023     PISSN: 07416261     EISSN: None     Source Type: Journal    
DOI: 10.2307/1593743     Document Type: Article

References (26)

1. AGRAWAL, J., JAFFE, J.F., AND MANDELKER, G.N. "The Post-Merger Performance of Acquiring Firms: A Re-examination of an Anomaly." Journal of Finance, Vol. 47 (1992), pp. 1605-1621.
2. BAYE, M.R., CROCKER, K.J., AND JIANDONG, J. "Divisionalization, Franchising, and Divestiture Incentives in Oligopoly." American Economic Review, Vol. 86 (1996), pp. 223-236.
3. BERRY, S. AND PAKES, A. "Some Applications and Limitations of Recent Advances in Empirical Industrial Organization: Merger Analysis." American Economic Review, Vol. 83 (1993), pp. 247-252.
4. BRESNAHAN, T.F. "Some Empirical Studies of Industries with Market Power." In R. Schmalensee and R.D. Willig, eds., Handbook of Industrial Organization, Vol. 2. Amsterdam: North-Holland, 1989.
5. CABRAL, L.M.B. "Horizontal Mergers with Free-Entry: Why Cost Efficiencies May Be a Weak Defense and Asset Sales a Poor Remedy." International Journal of Industrial Organization, Vol. 21 (2003), pp. 607-623.
6. CHRISTENSEN, L.R. AND CAVES, R. "Cheap Talk and Investment Rivalry in the Pulp and Paper Industry." Journal of Industrial Economics, Vol. 45 (1997), pp. 47-73.
7. DENECKERE, R. AND DAVIDSON, C. "Incentives to Form Coalitions with Bertrand Competition." RAND Journal of Economics, Vol. 16 (1985), pp. 473-486.
8. FARRELL, J. AND SHAPIRO, C. "Horizontal Mergers: An Equilibrium Analysis." American Economic Review, Vol. 80 (1990), pp. 107-126.
9. GOWRISANKARAN. G. "A Dynamic Analysis of Mergers." Ph.D. dissertation, Department of Economics, Yale University, 1995.
10. HALL. B. "The Effect of Takeover Activity on Corporate Research and Development." In A.J. Auerbach, ed., Corporate Takeovers: Causes and Consequences. Chicago: University of Chicago Press, 1988.
11. HARVEY, A.C. The Econometric Analysis of Time Series, 2d ed. Camridge, Mass.: MIT Press, 1990.
12. HAUSMAN, J. "Specification and Estimation of Simultaneous Equation Models." In Z. Griliches and M.D. Intriligator, eds., The Handbook of Econometrics, Vol. I. Amsterdam: North-Holland, 1983.
13. JARRELL, G.A., BRICKLEY, J.A., AND NETTER, J.M. "The Market for Corporate Control: The Empirical Evidence Since 1980." Journal of Economic Perspectives, Vol. 2 (1988), pp. 49-68.
14. JENSEN, M.C. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers." American Economic Review, Vol. 76 (1986), pp. 323-329
15. _. "Takeovers: Their Causes and Consequences." Journal of Economic Perspectives, Vol. 2 (1988), pp. 21-48.
16. KAMIEN, M.I. AND ZANG, I. "The Limits of Monopolization Through Acquisition." Quarterly Journal of Economics, Vol. 105(1990), pp. 465-499.
17. KIM, E.H. AND SINGAL, V. "Mergers and Market Power: Evidence from the Airline Industry." American Economic Review, Vol. 83 (1993), pp. 549-569.
18. KNAPP, W. "Event Analysis of Air Carrier Mergers and Acquisitions." Review of Economics and Statistics, Vol. 72 (1990), pp. 703-707.
19. OHANIAN, N.K. "Vertical Integration in the U.S. Pulp and Paper Industry, 1900-1940." Review of Economics and Statistics, Vol. 76(1994), pp. 202-207.
20. OLLEY, S.G. AND PAKES, A. "The Dynamics of Productivity in the Telecommunications Equipment Industry," Econometrica, Vol. 64 (1996), pp. 1263-1297.
21. PAARSCH. H.J. "Deciding between the Common and Private Value Paradigms in Empirical Models of Auctions." Journal of Econometrics, Vol. 51 (1992), pp. 191-215.
22. PERRY, M.K. AND PORTER, R.H. "Oligopoly and the Incentive for Horizontal Merger." American Economic Review, Vol. 75 (1985), pp. 219-227.
23. PESENDORFER, M. "Mergers Under Entry." Mimeo, Department of Economics, Yale University, 1999.
24. SALANT, S.W., SWITZER, S., AND REYNOLDS, R.J. "Losses from Horizontal Merger: The Effects of an Exogenous Change in Industry Structure on Coumot-Nash Equilibrium." Quarterly Journal of Economics, Vol. 98 (1983), pp. 185-199.
25. SCHERER, F.M. "Corporate Takeovers: The Efficiency Arguments." Journal of Economics Perspectives, Vol. 2 (1988), pp. 69-82.
26. STIGLER, G.J. "Monopoly and Oligopoly by Merger." American Economic Review, Vol. 40 (1950), pp. 23-34.