Concentration, Mergers, and Public Policy
Author: Yale Brozen
Publisher: Free Press
Published: 1982
Total Pages: 472
ISBN-13:
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Author: Yale Brozen
Publisher: Free Press
Published: 1982
Total Pages: 472
ISBN-13:
DOWNLOAD EBOOKAuthor: Scott Hempling
Publisher: Edward Elgar Publishing
Published: 2020-10-30
Total Pages: 576
ISBN-13: 1839109467
DOWNLOAD EBOOKWhat happens when electric utility monopolies pursue their acquisition interests—undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.’s leading regulatory thinkers, this book combines legal, accounting, economic and financial analysis of the 30-year march of U.S. electricity mergers with insights from the dynamic field of behavioral economics.
Author: Giuliano Mussati
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 228
ISBN-13: 9401103879
DOWNLOAD EBOOKGIULIANO MUSSATI Why do mergers occur, which are their effects on social welfare and which is the best economic policy toward them? These three questions have been puzzling industrial economists since the end of the last century when the first great merger wave has come about in the US. They have returned at the centre of the stage of the theoretical and empirical economic research during the last decade when merger and acquisition activity became one of the most evident firms' activities in all industrialised countries, being fostered by some general and country specific facts. These facts have been identified in the appearance of new financial instruments facilitating fund raising by firms, in the benevolent behaviour of the authorities in charge of competition policy during the Reagan administration in the US, while inter nal market completion has become a strong incentive for European firms to reach a true continental dimension in the UE through external growth. However a robust and univocal answer to these questions has not yet been found in spite of its importance not only from the theoretical point of view, but also from the normative one. In fact the correct identification of firms' motivations in pursuing merger and acquisition operations and of their consequences on social welfare would help the choice by administra tive authorities of different possible options in competition and industrial policies.
Author: C. Edwin Baker
Publisher: Cambridge University Press
Published: 2006-12-11
Total Pages: 186
ISBN-13: 1139461036
DOWNLOAD EBOOKFirmly rooting its argument in democratic and economic theory, the book argues that a more democratic distribution of communicative power within the public sphere and a structure that provides safeguards against abuse of media power provide two of three primary arguments for ownership dispersal. It also shows that dispersal is likely to result in more owners who will reasonably pursue socially valuable journalistic or creative objectives rather than a socially dysfunctional focus on the 'bottom line'. The middle chapters answer those agents, including the Federal Communication Commission, who favor 'deregulation' and who argue that existing or foreseeable ownership concentration is not a problem. The final chapter evaluates the constitutionality and desirability of various policy responses to concentration, including strict limits on media mergers.
Author: Thomas Philippon
Publisher: Belknap Press
Published: 2019
Total Pages: 361
ISBN-13: 0674237544
DOWNLOAD EBOOKAmerican markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient markets, leading to higher prices and lower wages.
Author: Willard Fritz Mueller
Publisher:
Published: 1967
Total Pages: 42
ISBN-13:
DOWNLOAD EBOOKAuthor: Harold Demsetz
Publisher: Washington : American Enterprise Institute for Public Policy Research
Published: 1973
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOKAuthor: Eli Noam
Publisher: Oxford University Press
Published: 2009-10-19
Total Pages: 500
ISBN-13: 0195188527
DOWNLOAD EBOOKPeople have worried for many years about the concentration of private power over the media, as evidenced by controversy over Federal Communication Commission rulings on broadcast ownership limits. The fear, it seems, is of a media mogul with a political agenda: a new William Randolph Hearst who could help start wars or run for political office using the power of the media. In the light of these concerns about freedom of speech, Eli Noam provides a comprehensive survey of media concentration in America, covering everything from the early media empire of Benjamin Franklin to the modern-day cellular phone industry.
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
Publisher:
Published: 1964
Total Pages: 884
ISBN-13:
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Publisher:
Published: 1980
Total Pages: 100
ISBN-13:
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