Kapitalfondes opkøb af butikskæder

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dc.contributor.author	Blomgren-Hansen, Niels	en_US
dc.date.accessioned	2009-02-04T10:27:37Z
dc.date.available	2009-02-04T10:27:37Z
dc.date.issued	2007-12-05T00:00:00Z	en_US
dc.identifier.uri	http://hdl.handle.net/10398/7516
dc.description.abstract	According to the Competition Act, a merger that impedes eective competition signi cantly, in particular by creating or strengthening a dominant postition, shall be prohibited. To decide whether this is the case the authorities need a quanti able model of the relationship between the variables that are directly aected by the merger and some measure of competition. In this paper we set up and calibrate a simple model of the interaction of the retail and the wholesale markets for high-end cosmetics in Denmark based on the Matas case. The model predicts that the acquisition of Matas - comprising roughly half of the market for high end cosmetics - may have a significant on retail prices and that the authorities had good reasons for making its approval conditioned on the removal of a number of contract-based barriers to entry. Analytically the main results are: (1) In a linear model with constant marginal costs the optimal wholesale prices are unexpected by the structure in the retail sector. (2) The ect on of buyer-power induced quantity dioscounts depends on the speci c design of the scheme: A relative discount on the list price the independent shops are charged increases the average retail price; A xed reduction relative to the pre-merger price reduces the average retail price). (3) Buyer-power induced retail price maintenance (RPM) increases the average retail price. RPM increases the competitiveness and pro ts of the merged shops if producers keep whole-sale prices unchanged. If, however, the producers adjust their wholesale prices, then RMP hurts merged and independent shops alike and benefits only the producers.	en_US
dc.format.extent	25 s.	en_US
dc.language	eng	en_US
dc.relation.ispartofseries	Working paper;2007-6	en_US
dc.title	Kapitalfondes opkøb af butikskæder	en_US
dc.type	wp	en_US
dc.accessionstatus	modt07dec05 nijemo	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Økonomisk Institut	en_US
dc.contributor.departmentshort	ECON	en_US
dc.contributor.departmentuk	Department of Economics	en_US
dc.contributor.departmentukshort	ECON	en_US
dc.idnumber	x656555695	en_US
dc.publisher.city	København	en_US
dc.publisher.year	2007	en_US
dc.title.subtitle	Tilfældet Matas	en_US