Data-driven mergers
We study mergers between firms operating in data-connected markets: the data generated as a byproduct of the activity on market A can be used by firms operating on market B. The effects of such a merger depend on whether data trade among independent firms is possible, and on whether data use benefit...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
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INFORMS
2024
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| _version_ | 1811139306903830528 |
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| author | de Cornière, A Taylor, G |
| author_facet | de Cornière, A Taylor, G |
| author_sort | de Cornière, A |
| collection | OXFORD |
| description | We study mergers between firms operating in data-connected markets: the data generated as a byproduct of the activity on market A can be used by firms operating on market B. The effects of such a merger depend on whether data trade among independent firms is possible, and on whether data use benefits consumers or leads to more surplus extraction. When data increases product B's quality, the merger benefits consumers on both markets if data cannot be traded absent the merger, and harms them otherwise. When data is used to extract consumer surplus on market B the merger increases consumer surplus on market A and reduces it on market B. |
| first_indexed | 2024-03-07T08:22:05Z |
| format | Journal article |
| id | oxford-uuid:bb546383-9348-4a84-b60f-3b97921a1d0f |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-09-25T04:04:00Z |
| publishDate | 2024 |
| publisher | INFORMS |
| record_format | dspace |
| spelling | oxford-uuid:bb546383-9348-4a84-b60f-3b97921a1d0f2024-05-07T11:58:43ZData-driven mergersJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:bb546383-9348-4a84-b60f-3b97921a1d0fEnglishSymplectic ElementsINFORMS2024de Cornière, ATaylor, GWe study mergers between firms operating in data-connected markets: the data generated as a byproduct of the activity on market A can be used by firms operating on market B. The effects of such a merger depend on whether data trade among independent firms is possible, and on whether data use benefits consumers or leads to more surplus extraction. When data increases product B's quality, the merger benefits consumers on both markets if data cannot be traded absent the merger, and harms them otherwise. When data is used to extract consumer surplus on market B the merger increases consumer surplus on market A and reduces it on market B. |
| spellingShingle | de Cornière, A Taylor, G Data-driven mergers |
| title | Data-driven mergers |
| title_full | Data-driven mergers |
| title_fullStr | Data-driven mergers |
| title_full_unstemmed | Data-driven mergers |
| title_short | Data-driven mergers |
| title_sort | data driven mergers |
| work_keys_str_mv | AT decornierea datadrivenmergers AT taylorg datadrivenmergers |