Darvas, Zsolt, Pisani-Ferry, Jean, Röller, Lars-Hendrik, Santos, Indhira, Sapir, André, Van Pottelsberghe, Bruno, ...
These Memos, addressed to the next Commission President and to the new European commissioners, are written by Bruegel Scholars and edited by Senior Research Fellow André Sapir and focus on key...
Journal Pricing and Mergers: A Portfolio Approach (2008)
Including Craig Conrath, Renata Hesse, Aaron Hoag, David Reitman, Dan Rubinfeld, Greg Werden, ...
Despite their influence on the careers of economists, the production and pricing of scholarly journals have received scant attention from the profession. 1 By contrast, the issue of journal quality...
Endogenous Costs and Price-Cost Margins
Damien J. Neven, Lars-Hendrik Röller, Zhentang Zhang
Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous...
Contribution to Productivity or Pork Barrel? : The Two Faces of Infrastructure Investment
Olivier Cadot, Lars-Hendrik Röller, Andreas Stephan
This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy...
Estimating Price-Cost Markups Under Nonlinear Pricing Competition
Eugenio J. Miravete, Lars-Hendrik Röller
This paper provides a structural interpretation to the estimates of the shape and position of nonlinear tariffs. We focus on the evaluation of price- cost margins, and thus we need to identify...
Estimating Price-Cost Markups Under Nonlinear Pricing Competition
Eugenio J. Miravete, Lars-Hendrik Röller
This paper provides a structural interpretation to the estimates of the shape and position of nonlinear tariffs. We focus on the evaluation of price-cost margins, and thus we need to identify...
Why Firms Form (or do not Form) RJVS
Lars-Hendrik Röller, Ralph Siebert, Mihkel M. Tombak
In this article, we examine why it is difficult to induce firms to form Research Joint Ventures (RJVs). We examine various incentives and disincentives for RJV formation by estimating an endogeneous...
Grenzen der Wettbewerbspolitik bei der Öffnung von Netzwerkindustrien
Lars-Hendrik Röller, Oliver Stehmann
Over the last decade, sector-specific regulation has been used to promote competition in European network industries. Given that competition is still rudimentary in some sectors, this process is...
The European Satellite Industry: Prospects for Liberalization
Neven, Damien J, Röller, Lars-Hendrik, Waverman, Leonard
This paper evaluates the effects of liberalizing access to the space sector, as currently envisaged by the EC Commission. We undertake an econometric evaluation of the degree of scale economies in...
Telecommunications Infrastructure And Economic Development: A Simultaneous Approach
Röller, Lars-Hendrik, Waverman, Leonard
This paper investigates how telecommunications infrastructure affects economic growth. This issue is important and has received considerable attention in the popular press concerning the creation of...
The Scope of Conflict in International Merger Control
Neven, Damien J, Röller, Lars-Hendrik
In this paper, we analyse the scope for conflict between national merger control agencies that assert jurisdictions simultaneously. We consider a positive model of merger control in which market...
Röller, Lars-Hendrik, Stennek, Johan, Verboven, Frank
The purpose of this report is to contribute to the analysis of two questions. Should a merger control system take into account efficiency gains from horizontal mergers, and balance these gains...
European Integration and Trade Flows
Neven, Damien J, Röller, Lars-Hendrik
We study a model of intra-European trade flows and trade between Europe and the rest of the world for 29 manufacturing sectors for 1975-85. We investigate the claim that European integration has...
Competition, Market Niches, and Efficiency: A Structural Model of the European Airline Industry
Röller, Lars-Hendrik, Siekles, Robin
In this paper we specify and estimate a structural model of competition for the European airline industry to assess the potential for price reductions if competition increases. The model has two...
Parker, Philip M, Röller, Lars-Hendrik
The deregulation of the telecommunications industry has resulted in a variety of industry structures which have been created in the hope of increasing competition. One example is the licensing of...
Why Firms Form Research Joint Ventures: Theory and Evidence
Röller, Lars-Hendrik, Siebert, Ralph, Tombak, Mihkel
The literature on research joint ventures (RJVs) has emphasized internalizing spillovers and cost-sharing as motives for RJV formation. In this paper we develop two additional explanations: product...
Capacity and Product Market Competition: Measuring Market Power in a 'Fat-Cat' Industry
Röller, Lars-Hendrik, Siekles, Robin
In this paper we specify and estimate a structural model which accounts for competition in two variables: capacity and prices. The model has a two-stage set-up. In the first stage firms make capacity...
Union Power and Product Market Competition: Evidence from the Airline Industry
Neven, Damien J, Röller, Lars-Hendrik, Zhang, Zhentang
In this paper, we specify and estimate a structural model, which links product market competition and union power. The model has a two-stage setting, in which wages are determined through bargaining...
A Political Economy Model of Infrastructure Allocation: An Empirical Assessment
Cadot, Olivier, Röller, Lars-Hendrik, Stephan, Andreas
This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy...
Strategic Choice of Partners: Research Joint Ventures and Market Power
Röller, Lars-Hendrik, Siebert, Ralph, Tombak, Mihkel
The literature on research joint ventures (RJVs) has emphasized internalizing spillovers and cost-sharing as motives for RJV formation. In this paper we develop an additional explanation: the...
Consumer Surplus vs. Welfare Standard in a Political Economy Model of Merger Control
Neven, Damien J, Röller, Lars-Hendrik
This paper considers merger control in a common agency framework where firms and their competitors can influence the antitrust agency and where transparency - while making lobbying less effective -...
Complementarities in Innovation Policy
Mohnen, Pierre, Röller, Lars-Hendrik
This Paper develops a framework for testing discrete complementarities in innovation policy using European data on obstacles to innovation. We propose a discrete test of supermodularity in innovation...
The Political Economy of European Merger Control: Evidence Using Stock Market Data
Duso, Tomaso, Neven, Damien J, Röller, Lars-Hendrik
The objective of this Paper is to investigate the determinants of EU merger control decisions. We consider a sample of 164 EU merger control decisions and evaluate the anti-competitive consequences...
Competitive Non-Linear Pricing in Duopoly Equilibrium: The Early US Cellular Telephone Industry
Miravete, Eugenio J, Röller, Lars-Hendrik
This Paper estimates an equilibrium oligopoly model of horizontal product differentiation where firms compete in non-linear tariffs. The estimation explicitly incorporates the information contained...
Lars-Hendrik Röller, Christian Von Hirschhausen
The industrial restructuring in the new Länder of Germany consisted of closing down production capacities created under the socialist regime. In turn, public and private investments were channeled...
Telecommunications Infrastructure and Economic Development: A Simultaneous Approach
Lars-Hendrik Röller, Leonard Waverman
In this paper we investigate how telecommunications infrastructure affects economic growth. This issue is important and has received considerable attention in the popular press concerning the...
Why Firms Form Research Joint Ventures: Theory and Evidence
Lars-Hendrik Röller, Mikhel M. Tombak, Ralph Siebert
The literature on research joint ventures (RJVs) has emphasized internalizing spillovers and cost-sharing as motives for RJV formation. In this paper we develop two additional explanations: product...
Capacity and Product Market Competition: Measuring Market Power in a "Puppy-Dog" Industry
Lars-Hendrik Röller, Robin C. Sickles
In this paper we specify and estimate a structural model which accounts for competition in two variables: capacity and prices. The model has a two-stage setup. In the first stage firms make capacity...
Union Power and Product Market Competition: Evidence from the Airline Industry
Damien J. Neven, Lars-Hendrik Röller, Zhentang Zhang
In this paper we specify and estimate a structural model which links product market competition and union power. The model has a two-stage setting in which wages are determined through bargaining...
The Incentives to Form Research Joint Ventures: Theory and Evidence
Lars-Hendrik Röller, Mihkel M. Tombak, Ralph Siebert
The literature on research joint ventures (RJVs) has emphasized internalizing spillovers and cost-sharing as motives for RJV formation. In this paper we develop two additional explanations: product...
Union Power and Product Market Competition: Evidence from the Airline Industry
Damien J. Neven, Lars-Hendrik Röller, Zhentang Zhang
In this paper we specify and estimate a structural model which links product market competition and union power. The model has a two-stage setting in which wages are determined through bargaining...
A Political Economy Model of Infrastructure Allocation: An Empirical Assessment
Olivier Cadot, Lars-Hendrik Röller, Andreas Stephan
This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy...
Provision of Social Goods and Soft Budget Constraints
Lars-Hendrik Röller, Zhentang Zhang
Firms in socialist and transitional economies are often obliged to provide a social good in addition to a private good, which makes it difficult for a government to commit not to bail out the firm...
Lars-Hendrik Röller, Johan Stennek, Frank Verboven
The purpose of this discussion paper is to contribute to the analysis of two questions. Should a merger control system take into account efficiency gains from horizontal mergers, and balance these...
Scope of Conflict in International Merger Control
Damien J. Neven, Lars-Hendrik Röller
In this paper, we analyze the scope for conflict between national merger control agencies which assert jurisdictions simultaneously. We consider a positive model of merger control in which market...
Consumer Surplus vs. Welfare Standard in a Political Economy Model of Merger Control
Damien J. Neven, Lars-Hendrik Röller
This paper considers merger control in a common agency framework where firms and their competitors can influence the antitrust agency and where transparency while making lobbying less effective also...
Complementarities in Innovation Policy
Pierre Mohnen, Lars-Hendrik Röller
This paper develops a framework for testing discrete complementarities in innovation policy using European data on obstacles to innovation. We propose a discrete test of supermodularity in innovation...
Towards a Political Economy of Industrial Organization: Empirical Regularities from Deregulation
Tomaso Duso, Lars-Hendrik Röller
This paper argues that the study of policy incidence in industrial organization needs to take the endogeneity of government into account. The point is made by investigating whether political...
Merger Control in the New Economy
Lars-Hendrik Röller, Christian Wey
This paper addresses the potential for conflict between antitrust authorities in the arenaof merger control in the new economy. By "new economy" we mean two relateddevelopments. First, the...
Contribution to Productivity or Pork Barrel? The Two Faces of Infrastructure Investment
Olivier Cadot, Lars-Hendrik Röller, Andreas Stephan
This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy...
Market Power in Outputs and Inputs: An Empirical Application to Banking
Robert M. Adams, Lars-Hendrik Röller, Robin C. Sickles
This paper provides evidence on the empirical separability of input and output market imperfections. We specify a model of banking competition and simultaneously estimate bank conduct in output...
The Political Economy of European Merger Control: Evidence using Stock Market Data
Tomaso Duso, Damien J. Neven, Lars-Hendrik Röller
The objective of this paper is to investigate the determinants of EU merger control decisions. We consider a sample of 164 EU merger control decisions and evaluate the anti-competitive consequences...
Estimating Markups under Nonlinear Pricing Competition
Eugenio J. Miravete, Lars-Hendrik Röller
This paper provides a structural interpretation to the estimates of the shape and position of nonlinear tariffs. We focus on the evaluation of price-cost margins, and thus we need to identify...
The Political Economy of European Merger Control: Evidence using Stock Market Data
Tomaso Duso, Damien J. Neven, Lars-Hendrik Röller
The objective of this paper is to investigate the determinants of European Union (EU) merger control decisions. We consider a sample of 167 EU mergers between 1990 and 2002 and evaluate their...
Lars-Hendrik Röller, European School of Management and Technology, Berlin, diskutiert, wie sich die Regulierung im Telekommunikationssektor auf Investitionen in die IKT-Infrastruktur von Netzeignern...
Regulation and Investment in Network Industries: Evidence from European Telecoms
Michał Grajek, Lars-Hendrik Röller
We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20...
Roland Berger, René Obermann, Lars-Hendrik Röller, Hans-Werner Sinn, Roland Tichy
In der abschließenden Podiumsdiskussion, die sich noch einmal mit dem Themenbereich IKT-Infrastruktur befasst, diskutieren Roland Berger, René Obermann, Lars-Hendrik Röller, Hans-Werner Sinn und...
Regulation and Investment in Network Industries: Evidence from European Telecoms
Michal Grajek, Lars-Hendrik Röller
We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20...