DIW Weekly Report 46/47 / 2018
Is the German manufacturing industry, which has been leaving cities for less densely populated areas since World War II, being lured back into urban centers? This report analyses industrial start-ups from 2012 to 2016 and derives their preferred locations. The analysis shows that the start-up intensity in large agglomerations is on average almost 40 percent higher than in the other regions of Germany. ...
2018| Martin Gornig, Axel Werwatz
Diskussionspapiere 1734 / 2018
Assortment decisions are key strategic instruments for firms responding to local market conditions. We assess this claim by studying the effect of a national merger between two large Dutch supermarket chains on prices and on the depth as well as composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger’s effects, controlling for selection on ...
2018| Elena Argentesi, Paolo Buccirossi, Roberto Cervone, Tomaso Duso, Alessia Marrazzo
Diskussionspapiere 1738 / 2018
Common ownership - where two firms are at least partially owned by the same investor - and its impact on product market outcomes has recently drawn a lot of attention from scholars and practitioners alike. Theoretical and empirical researchsuggests that common ownership can lead to higher prices. This paper focuses on implications for market entry. To estimate the effect of common ownership on entry ...
2018| Melissa Newham, Jo Seldeslachts, Albert Banal-Estanol
Diskussionspapiere 1664 / 2017
We present an ex-post analysis of the effects of GDF’s acquisition of Suez in 2006 created one of the world’s largest energy companies. We perform an econometric analysis, based on Difference-in-Difference techniques on the market for trading on the Zeebrugge gas hub in Belgium. Removing barriers to entry and facilitating access to the hub through ownership unbundling were an important part of the ...
2017| Elena Argentesi, Albert Banal-Estanol, Jo Seldeslachts, Meagan Andrews
Completed Project| Firms and Markets
Referierte Aufsätze Web of Science
We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990–2009 period. Our empirical results suggest phase-1 remedies uniquely generate robust deterrence as—unlike phase-1 withdrawals, phase-2 remedies, and preventions—phase-1 remedies lead to fewer merger notifications in subsequent years. Furthermore, the deterrence effects of phase-1 remedies work best ...
54 (2016), 4, S. 1884-1903
| Joseph A. Clougherty, Tomaso Duso, Miyu Lee, Jo Seldeslachts
Weitere referierte Aufsätze
The global industrial structure has been in a constant state of change for some time now. While China’s share has steadily grown, Western industrialised countries have mostly experienced losses in industrial market share. Within Europe, the fates of the established industrialised nations have all played out very differently. For example, France and the UK have suffered massive losses, while Germany ...
51 (2016), 5, S. 272-277
| Martin Gornig, Alexander Schiersch
Manufacturing companies increased their expenditures by more than a fifth between 2010 and 2013 – research-intensive and large companies primarily responsible for the increase – development more dynamic in Germany than in other European countries
In 2013, industrial companies in Germany spent a total of 57.2 billion EUR on research and development (R&D). This corresponds to an increase ...
Berlin IO Day
The Berlin IO Day is a one-day workshop sponsored by Berlin's leading academic institutions, including DIW Berlin, ESMT, Freie Universität Berlin, Humboldt-Universität zu Berlin, Technische Universität Berlin, and WZB which takes place twice a year, in the Fall and in the Spring. The aim is to create an international forum for high quality research in Industrial Organization in the...
Diskussionspapiere 1523 / 2015
We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990-2009 period. Our empirical results suggest that phase-1 remedies uniquely generate robust deterrence as – unlike phase-1 withdrawals, phase-2 remedies, and preventions – phase-1 remedies lead to fewer merger notifications in subsequent years. Furthermore, the deterrence effects of phase-1 remedies ...
2015| Joseph Clougherty, Tomaso Duso, Miyu Lee, Jo Seldeslachts