Economics area to host research seminar on merger guidelines for polluting industries
The talk will be delivered by Prof. Kiriti Kanjilal, IIITD, on 21 November 2024
12 November, 2024, Bengaluru: The Economics area at IIM Bangalore will host a research seminar titled ‘Merger Guidelines in Polluting Industries: When Do They Matter?’, led by Prof. Kiriti Kanjilal, Indraprastha Institute of Information Technology, Delhi (IIITD), on 21 November 2024, at 4 pm, in Classroom P22 at IIMB.
Abstract:
We study mergers in polluting industries where a public firm is present. We evaluate how merger approvals are affected when the competition authority's guidelines start considering environmental criteria. As expected, we show that more mergers are approved, yielding less pollution, and higher welfare. However, we find that firms only have incentives to submit a merger request if the public firm is mostly privatized; otherwise, no merger requests are filed in equilibrium, rendering guidelines changes inconsequential. We, then, examine how merger approvals are affected by the presence of the public firm and pollution. We also conduct robust checks allowing that the manager of the public firm ignores emissions, the merger yields cost-reducing effects, and convex production costs.”
Speaker Profile:
Kiriti Kanjilal is an Assistant Professor in Economics at the Indraprastha Institute of Information Technology, Delhi (IIITD). He completed his Integrated Masters in Economics at the University of Hyderabad and PhD in Economics at Washington State University. His research interests are primarily in the fields of Microeconomics, Game Theory, Industrial Organization, Behavioral and Experimental Economics.
Webpage Link: https://sites.google.com/site/kanjilaleconomics/home?authuser=0
Economics area to host research seminar on merger guidelines for polluting industries
The talk will be delivered by Prof. Kiriti Kanjilal, IIITD, on 21 November 2024
12 November, 2024, Bengaluru: The Economics area at IIM Bangalore will host a research seminar titled ‘Merger Guidelines in Polluting Industries: When Do They Matter?’, led by Prof. Kiriti Kanjilal, Indraprastha Institute of Information Technology, Delhi (IIITD), on 21 November 2024, at 4 pm, in Classroom P22 at IIMB.
Abstract:
We study mergers in polluting industries where a public firm is present. We evaluate how merger approvals are affected when the competition authority's guidelines start considering environmental criteria. As expected, we show that more mergers are approved, yielding less pollution, and higher welfare. However, we find that firms only have incentives to submit a merger request if the public firm is mostly privatized; otherwise, no merger requests are filed in equilibrium, rendering guidelines changes inconsequential. We, then, examine how merger approvals are affected by the presence of the public firm and pollution. We also conduct robust checks allowing that the manager of the public firm ignores emissions, the merger yields cost-reducing effects, and convex production costs.”
Speaker Profile:
Kiriti Kanjilal is an Assistant Professor in Economics at the Indraprastha Institute of Information Technology, Delhi (IIITD). He completed his Integrated Masters in Economics at the University of Hyderabad and PhD in Economics at Washington State University. His research interests are primarily in the fields of Microeconomics, Game Theory, Industrial Organization, Behavioral and Experimental Economics.
Webpage Link: https://sites.google.com/site/kanjilaleconomics/home?authuser=0