{"content":{"sharePage":{"page":0,"digests":[{"id":"47937364","dateCreated":"1323481159","smartDate":"Dec 9, 2011","userCreated":{"username":"Steve_Speece","url":"https:\/\/www.wikispaces.com\/user\/view\/Steve_Speece","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1316392514\/Steve_Speece-lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47937364"},"dateDigested":1532762623,"startDate":null,"sharedType":"discussion","title":"Summary (Sprint-MCI WorldCom Merger)","description":"The author of the article discusses the proposed merger between telecom giants Sprint and MCI-WorldCom in 2001. In doing so the industry concentration ratio and potential impact to the Herfindahl-Hirschman Index is discussed. The effects of a merger would have consolidated two of the industries closest competitors and have especially reduced consumer options for long distance service. Ultimately the proposed merger faced too many regulatory obstacles to overcome and pursuit of the plan was terminated by the firms.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47864394","dateCreated":"1323389627","smartDate":"Dec 8, 2011","userCreated":{"username":"cdmuhlenkamp","url":"https:\/\/www.wikispaces.com\/user\/view\/cdmuhlenkamp","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47864394"},"dateDigested":1532762623,"startDate":null,"sharedType":"discussion","title":"Merger","description":"I found it very interesting how much of an impact that this merger topic had on other companies around the world. The fact that the government got involved shows how big of a deal it was. The blog also has a nice set up and is very well written.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47165506","dateCreated":"1322587446","smartDate":"Nov 29, 2011","userCreated":{"username":"maysen1975","url":"https:\/\/www.wikispaces.com\/user\/view\/maysen1975","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1317587185\/maysen1975-lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47165506"},"dateDigested":1532762624,"startDate":null,"sharedType":"discussion","title":"Mergers\/HHI","description":"A good one to look at right now with HHI is the AT&T\/T-Mobile merger. This article indicates that if allowed to merge they would have 43.3% of the market.
\n
\nhttp:\/\/money.cnn.com\/2011\/11\/24\/technology\/att_t-mobile_merger\/index.htm<\/a>","replyPages":[{"page":0,"digests":[{"id":"47644594","body":"great article.
\nthank you!","dateCreated":"1323146003","smartDate":"Dec 5, 2011","userCreated":{"username":"emretez86","url":"https:\/\/www.wikispaces.com\/user\/view\/emretez86","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1314461148\/emretez86-lg.jpg"}}],"more":0}]},{"id":"45875784","dateCreated":"1320788286","smartDate":"Nov 8, 2011","userCreated":{"username":"JASCHAEFER","url":"https:\/\/www.wikispaces.com\/user\/view\/JASCHAEFER","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/45875784"},"dateDigested":1532762624,"startDate":null,"sharedType":"discussion","title":"Cournot Model","description":"Recent mention of the Cournot model. Talks about how the integrated dominant producer faces more elastic demand, and will ultimately choose a lower price than the sum of the prices of two disintegrated producers:
\n
\nhttp:\/\/blogs.economictimes.indiatimes.com\/figuringitout\/entry\/china_as_super_power_in_two_decades_seems_a_tall_order<\/a>","replyPages":[{"page":0,"digests":[{"id":"47134756","body":"thanks!","dateCreated":"1322543350","smartDate":"Nov 28, 2011","userCreated":{"username":"emretez86","url":"https:\/\/www.wikispaces.com\/user\/view\/emretez86","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1314461148\/emretez86-lg.jpg"}}],"more":0}]},{"id":"43989000","dateCreated":"1318289335","smartDate":"Oct 10, 2011","userCreated":{"username":"JASCHAEFER","url":"https:\/\/www.wikispaces.com\/user\/view\/JASCHAEFER","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/43989000"},"dateDigested":1532762624,"startDate":null,"sharedType":"discussion","title":"Impact of Mergers","description":"Recently read an abstract on the impact of mergers and the effect on the economy:
\n
\nhttp:\/\/www.bos.frb.org\/economic\/conf\/conf31\/conf31f.pdf<\/a>
\n
\nIt stated that some companies experienced "significant declines in market shares following changes in control." Made me wonder what types of companies and how much market power they had to see such results.
\n
\nThought it might be helpful.","replyPages":[{"page":0,"digests":[{"id":"44488722","body":"great. thank you so much. It will be helpful.","dateCreated":"1318960733","smartDate":"Oct 18, 2011","userCreated":{"username":"emretez86","url":"https:\/\/www.wikispaces.com\/user\/view\/emretez86","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1314461148\/emretez86-lg.jpg"}}],"more":0}]},{"id":"43941366","dateCreated":"1318219106","smartDate":"Oct 9, 2011","userCreated":{"username":"Steve_Speece","url":"https:\/\/www.wikispaces.com\/user\/view\/Steve_Speece","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1316392514\/Steve_Speece-lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/43941366"},"dateDigested":1532762624,"startDate":null,"sharedType":"discussion","title":"My favorite story about monopoly and government intervention...","description":"TOM SMITH AND HIS INCREDIBLE BREAD MACHINE
\nby R.W. Grant
\n
\nThis is a legend of success and plunder
\nAnd a man, Tom Smith,
\nWho squelched world hunger.
\nNow Smith, an inventor, has specialized in toys.
\nSo, people were surprised
\nWhen the found that he instead
\nOf making toys, was BAKING BREAD!
\n
\nThe way to make bread he'd conceived
\nCost less than people could believe.
\nAnd not just make it! This device
\nCould, in addition, wrap and slice!
\nThe price per loaf, one loaf or many:
\nThe miniscule sum of under a penny.
\n
\nCan you image what this meant?
\nCan you comprehend the consequent?
\nThe first time yet the world well fed!
\nAnd all because of Tom Smith's bread.
\n
\nA citation from the President
\nFor Smith's amazing bread.
\nThis and other honors too
\nWere heaped upon his head.
\n
\nBut isn't it a wondrous thing
\nHow quickly fame is flown?
\nSmith the hero of today -
\nTomorrow, scarcely known.
\n
\nYes, the fickle years passed by:
\nSmith was a millionaire,
\nBut Smith himself was now forgot -
\nThough bread was everywhere.
\nPeople, asked from where it cam,
\nWould very seldom know.
\nThey would simply eat and ask,
\n"Was not it always so?
\n
\nHowever, Smith cared not a bit,
\nFor millions ate his bread,
\nAnd "Everything is find," thought he,
\n"I am rich and they are fed!"
\n
\nEverything was fine, he thought?
\nHe reckoned not with fate.
\n
\nNote the sequence of events
\nStarting on the date
\nOn which the business tax went up.
\nThen, to a slight extent,
\nThe price on every loaf rose too:
\nUp to one full cent!
\n
\n"What's going on? the public cried,
\n"He's guilty of pure plunder.
\nHe has no right to get so rich
\nOn other people's hunger!"
\n
\n(A prize cartoon depicted Smith
\nWith fat and drooping jowls
\nSnatching bread from hungry babes
\nIndifferent to their howls!)
\n
\nWell, since the Public does come first,
\nIt could not be denied
\nThat in matters such as this,
\nThe Public must decide.
\nSo, antitrust now took a hand.
\nOf course, it was appalled
\nAt what it found was going on.
\nThe "Bread trust," it was called.
\n
\nNow this was getting serious,
\nSo Smith felt that he must
\nHave a friendly interview
\nWith the men in antitrust.
\nSo, hat in hand, he went to them.
\n
\nThey'd surely been misled;
\nNo rule of law had he defied.
\nBut the their lawyer said:
\n"The rule of law, in complex times,
\nHas proved itself deficient.
\nWe much prefer the rule of men!
\nIt's vastly more efficient.
\nNow, let me state the present rules,"
\nThe lawyer then went on,
\n"These very simple guidelines
\nYou can rely upon"
\nYou're gouging on you prices if
\nYou charge more than the rest.
\nBut it's unfair competition
\nIf you think you can charge less.
\n
\n"A second point that we would make
\nTo help avoid confusion:
\nDon't try to charge the same amount:
\nThat would be collusion!
\nYou must compete. But not too much
\nFor if you do, you see,
\nThen the market would be yours
\nAnd that's monopoly!"
\n
\nPrice too high? Or price too low?
\nNow, which charge did they make?
\nWell, they weren't loath to charging both
\nWith Public Good at stake!
\n
\nIn fact, the went on better
\nThey charged "monopoly!"
\nNo muss, no fuss, oh woe is us,
\nEgad, they charged all three!
\n
\n"Five years in jail," then the judge then said
\n"You're lucky it's not worse.
\nRobber Barons must be taught
\nSociety Comes First!
\n
\nNow, bread is baked by government.
\nAnd as might be expected,
\nEverything is well controlled:
\nThe public well protected.
\n
\nTrue, loaves cost a dollar each.
\nBut our leaders do their best.
\nThe selling price is half a cent.
\n(Taxes pay the rest!)","replyPages":[{"page":0,"digests":[{"id":"44488574","body":"I love it. Thank you!","dateCreated":"1318960622","smartDate":"Oct 18, 2011","userCreated":{"username":"emretez86","url":"https:\/\/www.wikispaces.com\/user\/view\/emretez86","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1314461148\/emretez86-lg.jpg"}}],"more":0}]},{"id":"43563692","dateCreated":"1317655934","smartDate":"Oct 3, 2011","userCreated":{"username":"Hornbaker","url":"https:\/\/www.wikispaces.com\/user\/view\/Hornbaker","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1316446772\/Hornbaker-lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/43563692"},"dateDigested":1532762624,"startDate":null,"sharedType":"discussion","title":"Elasticities on Relevant Market","description":"This link, specifically "Slide 10" comments on the relationship between elasticities and relevant markets... It might be helpful.
\n
\nhttp:\/\/www.justice.gov\/atr\/public\/hearings\/single_firm\/docs\/222008.htm<\/a>","replyPages":[{"page":0,"digests":[{"id":"43934404","body":"Thank you. You are right.","dateCreated":"1318209492","smartDate":"Oct 9, 2011","userCreated":{"username":"emretez86","url":"https:\/\/www.wikispaces.com\/user\/view\/emretez86","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1314461148\/emretez86-lg.jpg"}}],"more":0}]}],"more":false},"comments":[]},"http":{"code":200,"status":"OK"},"redirectUrl":null,"javascript":null,"notices":{"warning":[],"error":[],"info":[],"success":[]}}