What can be expected from mergers after deregulation? The case of the long-distance bus industry in France
In: ISSN: 0889-938X, 2023
academicJournal
Zugriff:
International audience ; This study estimates the competitive effects of horizontal mergers in the French long-distance bus industry. We examine the two mergers that followed the 2015 Deregulation Act (the Macron Law); we use an exclusive and exhaustive dataset that covers eight consecutive quarters. We analyze the merger effects by comparing bus links that were affected by mergers with those that were unaffected; we use difference-in-differences estimations. We find that the two mergers are associated with price increases of about 13.5% immediately that then moderate to 5.3%; and with the frequency decreases from − 21.5 to − 25.7%; we observe no effects on load factors. These findings show evidence of short-run anticompetitive effects, while the mergers under study were not scrutinized by the French competition agency, as they were below the notification thresholds.
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What can be expected from mergers after deregulation? The case of the long-distance bus industry in France
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Autor/in / Beteiligte Person: | Blayac, Thierry ; Bougette, Patrice ; Centre d'Economie de l'Environnement - Montpellier (CEE-M) ; Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE)-Institut Agro Montpellier ; Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro)-Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro)-Université de Montpellier (UM) ; Groupe de Recherche en Droit, Economie et Gestion (GREDEG) ; Université Nice Sophia Antipolis (1965 - 2019) (UNS) ; COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-Centre National de la Recherche Scientifique (CNRS)-Université Côte d'Azur (UCA) ; Université Côte d'Azur (UCA) ; PNCR |
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Zeitschrift: | ISSN: 0889-938X, 2023 |
Veröffentlichung: | HAL CCSD ; Springer US, 2023 |
Medientyp: | academicJournal |
ISSN: | 0889-938X |
DOI: | 10.1007/s11151-022-09878-7 |
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