Why mergers reduce profits and raise share prices citeseerx. Discussion papers centre for economic policy research. Join facebook to connect with lars fridolfsson and others you may know. Written in a clear and precise style and using modern theories of macroeconomics and economic policy to analyze swedens serious economic situation, turning sweden around outlines recommendations for change that are both unusual and provocative. Download it once and read it on your kindle device, pc, phones or tablets. Trust, leniency and deterrence maria bigoni, svenolof fridolfsson. Karlolof hammarkvist, president of handelshogskolan. Concepts, issues, markets and governance, by subhes c. On the use of stockmarket evidence from horizontal mergers. Nuclear capacity auctions with sven olof fridolfsson, energy journal, vol. A further potentially important aspect is the consequences associated with the concentrated ownership structure of nordic electricity plants, including the swedish nuclear power plants. A theory of preemptive mergers, working papers 1999018, university of antwerp, faculty of business and economics. Turning sweden around by assar lindbeck, per molander.
Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Olof svensson was born on 11 may 1887 in osby, kristianstad county, sweden, to sven, a farm hand working for the state born 4 october 1856 at osby, kristianstad county, and hanna nee persdotter. He has also been visiting scholar at uc berkeley and the toulouse school of economics. Svenolof fridolfsson research institute of industrial. Viking economics goodreads meet your next favorite book. A team of swedish and international researchers, including avinash k. The political economy of anititrust sic book, 2007.
Harrington and johan stennek remembrance of things past. Leniency programs are widely used as instruments of competition policy. Incentive compatible poolbased electricity market design and implementation. Use features like bookmarks, note taking and highlighting while reading economics in sweden. The debate about nuclear power focuses mostly on safety, environmental costs for nuclear waste and climate benefits due to reduced carbon emissions.
Research institute of industrial economics ifn chloe le coq. Contributions to economic analysis the political economy of. In their church book he is noted as died on atlantic with ss titanick sic. An integrated electricity market improves competitiveness of the eu internal market. We analyze the pros and cons of an intergrated european electricity market. Fridolfsson, sven olof, a consumer surplus defense in merger control, in vivek ghosal and john stennek, eds. Maria bigoni, svenolof fridolfsson, chloe le coq and giancarlo. Olof johanssonstenman university of gothenburg, sweden. Karlolof hammarkvist, president of stockholm school of economics, will tell how their work is done and how it began, and what results it has given. Consumer surplus as the appropriate standard for antitrust.
Network competition with income effects, rand journal of economics, vol. Sven olof fridolfsson johan stennek the research institute of industrial economics iui, stockholm the research institute of industrial economics iui, stockholm abstract we provide a possible explanation for the empirical puzzle that mergers often reduce profits, but raise share prices. Remissvar pa analys av mojliga atgarder for att dampa prisomradesproblematiken i sydsverige by sven olof fridolfsson, par holmberg and thomas tangeras, march, 20. Motivated by recent events and experiences in antitrust enforcement and policy in the united states and the european union, and new insights and findings from academic research, this book presents a collection of theoretical, empirical and public policyoriented articles representing recent research on the politicaleconomy of antitrust. Issues in antitrust enforcement vivek ghosal, joseph e. On imdb tv, you can catch hollywood hits and popular tv series at no cost. Research institute of industrial economics ifn maria bigoni.
A survey of the empirical evidence, working paper series 773, research institute of industrial economics. The scandinavian journal of economics is a generalinterest journal that publishes highquality and innovative research in all disciplines. Stockholm school of economics, and earie 98 in copenhagen. Thomas tangeras, research institute of industrial economics.
Economists have converted the subject into a sort of social mathematics in which analytical rigor is everything and practical relevance is nothing blaug 1997. K 3850 m29 2005 antitrust in a world of interrelated economies. Discussion papers by giancarlo spagnolo, site, stockholm school of economics. In viking economicsperhaps the most fun economics book youve ever readgeorge lakey dispels these myths. Olofs father sven persson had died in 1902 and hanna was dependent on her sons income. Why mergers reduce profits, and raise share prices. This book by lakey gave me a good sense of what an economy looks like whose purpose is not maximization of wealth by the wealthy, but freedom and equality and sustainability. Market power in the nordic wholesale electricity market. Jul 12, 2016 in viking economicsperhaps the most fun economics book youve ever readgeorge lakey dispels these myths. Svenolof walldoff 2 may 1929 7 june 2011 was a swedish record producer, composer and orchestra conductor who is best known for conducting the orchestra for abbas song waterloo for the eurovision song contest 1974, wearing a napoleon costume. This book commemorates the 10th anniversary of the swedish competition authority and consists of four individual contributions from independent scholars and professionals with expertise in the economics of merger control. The unit is responsible for external and internal communications, publications and press.
Our conferences provide the opportunity to hear the latest research in energy economics and dialogue that takes place between industry, government and academia. Total downloads of all papers by sven olof fridolfsson. Trust, leniency, and deterrence, journal of law, economics, and organization, oxford university press, vol. Rob alessie, bas ter weel, casper van ewijk, jan c. Slow, examined the structure of economics in sweden and its results. A reexamination of renewable electricity policy in sweden with sven olof fridolfsson, energy policy, vol. By chloe le coq and giancarlo spagnolo with maria bigoni and svenolof fridolfsson, working paper. Exclusive quality why exclusive distribution may benefit the tvviewers. The case of turkey, by fan zhang, 2, 7196 estimating short and longrun demand elastici. The unit is also responsible for the authoritys overall management function of external tipoffs and enquiries and for the itsupport in the organisation. Nuclear capacity auctions with svenolof fridolfsson, energy journal, vol. Svenolof fridolfsson johan stennek the research institute of industrial economics iui, stockholm the research institute of industrial economics iui, stockholm abstract we provide a possible explanation for the empirical puzzle that mergers often reduce profits, but raise share prices. Essays on communication, coordination and multimarket competition.
One particular kind of industry shock, deregulation, becomes a dominant factor, accounting for nearly half of the merger activity since the late 1980s. Fridolfsson, svenolof, a consumer surplus defense in merger control, in vivek ghosal and john stennek, eds. The political economy of antitrust ebook, 2007 worldcat. If you only have time for one article from todays research roundupand especially if you dont have the patience for something technicalmake it the framework for thinking about entrepreneurship laid out by henrekson and sanandaji in the introductory chapter to institutional. Sven olof fridolfsson of research institute of industrial economics, stockholm ifn read 19 publications contact sven olof fridolfsson. He explores the innerworkings of the nordic economies that boast the worlds happiest, most productive workers, and explains how, if we can enact some of the changes the scandinavians fought for surprisingly recently, we, too, can. International association for energy economics the energy. Combining economic and political analysis it covers wideranging areas and broad structural issues. Re is currently working on his thesis in the area of industrial organization, with an emphasis on.
Market power reduces incentives to invest in nuclear power. Concluding remarks 300 acknowledgements 301 references 301. An evaluation of swedish research in economics kindle edition by engwall, lars. Journal of the european economic association september 2005 35. International association for energy economics the. A reexamination of renewable electricity policy in sweden with svenolof fridolfsson, energy policy, vol. Norway, sweden, and denmark provide the vision for our progressive movement.
See all articles by sven olof fridolfsson sven olof fridolfsson. Why mergers reduce profits and raise share pricesa theory. Total downloads of all papers by svenolof fridolfsson. In this article, sven olof fridolfsson examines the contested. Select any poster below to play the movie, totally free. Information economics and policy, volume 26, march 2014, pages 4257. Svenolof walldoff 2 may 1929, lerback, sweden 7 june 2011, masthugget, sweden was a swedish record producer, composer and orchestra conductor who is best known for conducting the orchestra for abbas song waterloo for the eurovision song contest 1974, wearing a napoleon costume. Professor of economics department of economics, school of business, economics and law, university of gothenburg address.
How the scandinavians got it right and how we can, too, by george lakey, 2016. Risk aversion, prospect theory, and strategic risk in law enforcement. What is wrong with economic theory realworld economics. Does corporate performance improve after mergers 1992. Handelshogskolan the stockholm school of economics, sse has a strong link to the swedish business world and educates students in entrepreneurship. Svenolof fridolfsson before joining konkurrensverket, he worked for more than ten years at the research institute of industrial economics in stockholm, sweden. In this article, svenolof fridolfsson examines the. Chapter 9 the economics and politics of international merger enforcement. Sven olof fridolfsson before joining konkurrensverket, he worked for more than ten years at the research institute of industrial economics in stockholm, sweden. As in previous decades, merger activity clusters by industry during the 1990s. The pros and cons of merger control by karl lundvall ssrn. Svenolof fridolfsson of research institute of industrial economics, stockholm ifn read 19 publications contact svenolof fridolfsson. Xavier fageda, svenolof fridolfsson, renato gomes, morten hviid, bj. Why mergers reduce profits and raise share pricesa theory of.
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