CEU Electronic Theses and Dissertations, 2009
| Author | Stelmakh, Kateryna |
|---|---|
| Title | The effects of mergers on prices: an empirical analysis of the European car market |
| Summary | In this thesis I examine how mergers affect the prices. For this purpose I analyze the important merger case between Peugeot and Citroen. I find that the merger price effects differ through the markets. After the merger the relative prices for PSA Peugeot-Citroen cars decreased on the market for small cars, and increased on the market for higher quality and more expensive cars. Estimation results of the relation between PSA Peugeot-Citroen prices and its market shares confirm that the company was able to exercise its market power more on the latter market than the former one. I also examine the relation between the degree of concentration and prices. The results of estimation show that the effect of change in concentration is positive and stronger on the markets for high quality and expensive goods. This means that on these markets a company has more market power and can increase the prices. |
| Supervisor | Baniak, Andrzej |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2009/stelmakh_kateryna.pdf |
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