The impact of joint ventures on competition
182 pages
English
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The impact of joint ventures on competition

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Tout savoir sur nos offres
182 pages
English

Description

The case of petrochemical industry in the EEC
Competition policy
Coal - hydrocarbons

Informations

Publié par
Nombre de lectures 14
Langue English
Poids de l'ouvrage 3 Mo

Exrait

THE IMPACT OF JOINT VENTURES ON COMPETITION
THE CASE OF PETROCHEMICAL INDUSTRY IN THE EEC
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COMMUNITIES
IftfHI This document has been prepared for use within the Commission. It does not
necessarily represent the Commission's official position.
Cataloguing data can be found at the end of this publication.
Luxembourg: Office for Official Publications of the European Communities, 1991
ISBN 92-826-0579-5
Catalogue number: CM-70-91-491-EN-C
© ECSC-EEC-EAEC, Brussels · Luxembourg, 1991
Reproduction is authorized, except for commercial purposes, provided the source is
acknowledged.
Printed in Belgium Commission of the European Communities
THE IMPACT OF JOINT VENTURES ON COMPETITION
THE CASE OF PETROCHEMICAL INDUSTRY IN THE EEC
Final Report
Document NUMISMA
LABORATORIO DI POLITICA INDUSTRIALE
Scientific Coordinator
Patrizio Bianchi
Research Coordinator
Giuseppina Gualtieri
Research Team
Elettra Agliardi, Antonella Bucci,
Flavio Del Bono, Luigi Forlai,
Andrea Montanari, Fabio Moroni,
Anna Soru. PREFACE
This work forms part of a programme of studies on the functioning of
the competitive process in the economy of the European Community.
Various national institutes and experts have been appointed by the
Commission to carry out the study programme.
In view of the specific and general interest of these studies and the
undertakings given by the Commission to the European Parliament, they
are published in full in their original version.
The Commission refrains' from commenting, except to say that
responsibility for the data and views set out in each study lies
entirely with the institute or expert who produced it.
The other studies in the same series will be published by the
Commission as soon as possible. Authors
Introduction Giuseppina Gualtieri
Section a)
Chapters 1, 2, 3, A, 5 Antonella Bucci
Appendix Elettra Agliardi,
Flavio Del Bono
Section b)
Chapter 1 Fabio Moroni
Chapters 2, 3 Luigi Forlai
Chapter 4 Anna Soru
Section c)
Chapters 1,2,3
Checklist .· Giuseppina Gualtieri
Nomisma- Laboratorio di Antonella Bucci
Politica Industriale
Nomisma-o di Luigi Forlai
Politicae
Giuseppina Gualtieri Nomisma- Laboratorio di
Politica Industriale
Elettra Agliardi University of Bologna
Flavio Del Bono y ofa
Andrea Montanari Centro Studi sulla
Imprenditorialità "F.Cicogna",
Università Bocconi
Fabio Moroni Centro Studi sulla à "F.Cicogna",
Università Bocconi
Anna Soru Centro Studi sulla
Imprenditorialòità "F.Cicogna"
Università Bocconi. CONTENTS
INTRODUCTION
Section a)
JOINT VENTURES: CHARACTERISTICS, MOTIVES AND EFFECTS
1. Joint ventures and cooperative agreements : survey and
definitions
1.1 Evolution in the use of cooperative agreements
1.2n in the use of joint ventures
1.2.1 The traditional use of joint venture agreements
1.2.2 Use of joint ventures as a Strategic
option
1.3 Definition of joint ventures
1.3.1 Types of joints
- Horizontal joint ventures
- Vertical joints
- Conglomerate joint ventures
- Spider's webts
2. The various steps in the formation of the bargaining
agreement
2.1 Interaction between parents
2.2nns and venture
2.3 The venture's needs: autonomy vs. control
3. Motives for joint venture formation
3.1 Internal, competitive and strategic motives
3.2 Joint ventures and medium to long term strategies
4. The impact of the market structure on joint ventures'
typology
4.1 Demand features and joint venture formation
4.2 The supply side: joint venture's competitors
5. The effects of joint ventures
5.1 Advantages
5.2 Disadvantages Appendix
Notes on Entry Deterrence, Research Joint Ventures and the
Antitrust Policies
Section b)
STRUCTURE AND STRATEGIES IN THE CHEMICAL AND PETROCHEMICAL
INDUSTRY: AN EMPIRICAL ANALYSIS OF PETROCHEMICAL JOINT
VENTURES IN EUROPE
1. The evolution of the chemical sector
1.1 The effects of restructuring
1.2 The product mixes
1.3 The tecnological changes
2. The adjustment process in the plastic industry
3. Firms strategies in the adjustment process
4. The petrochemical joint ventures as an instrument for the
adjustment
4.1 Introduction and Methodology
4.2 Synthesis of the main results
- Foreword
- Limits
- Joint ventures in the petrochemical sector
4.3 The cases
- Surplus supply
- Existence of marked economies of scale
- dynamic demand and good profitability of production
4.4 Synthesis of the cases examined
-Eve
-Row
-Erdoelchemie
-Himont
-Appryl
-Ge Carbide Silicones
-Idac
-Ultraform
-Emblem
-Miteni Appendix
List of joint ventures involving EEC companies
Section c)
JOINT VENTURES AND THEIR IMPACT UPON COMPETITION
1.The petrochemical sector: a summary of the study of joint
ventures
2.Problems and indications for analyzing joint ventures
2.1 The structure of the agreement
2.2 The reason motivating a joint venture agreement
2.3 Sectorial characteristics and markets in which the
venture operates
3.Joint ventures and competition: final observations and
checklist
Checklist
References
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