Showing 1 - 10 of 329
subsidies complied with EU state aid rules, both in terms of effectiveness and competition. …
Persistent link: https://www.econbiz.de/10012433753
Persistent link: https://www.econbiz.de/10003776241
Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger policy effectiveness, which is based on standard...
Persistent link: https://www.econbiz.de/10008822615
The strategy literature has found it difficult to differentiate between collusive and efficiencybased synergies in horizontal merger activity. We propose a theoretically-backed methodological approach to classify mergers that yields more information on merger types and merger effects, and that...
Persistent link: https://www.econbiz.de/10009158601
We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock market reactions. We focus on four different dimensions of effectiveness: 1) legal certainty, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We apply...
Persistent link: https://www.econbiz.de/10009551410
Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger policy effectiveness, which is based on standard...
Persistent link: https://www.econbiz.de/10009408081
The strategic management literature has found it difficult to differentiate between collusive and efficiency-based synergies in horizontal merger activity. We propose a schematic to classify mergers that yields more information on merger types and merger effects, and that can, moreover,...
Persistent link: https://www.econbiz.de/10009408082
Commission intends to remove the obstacles to fair competition that have been identified since 2001. In this context, the paper … ticketing). Competition on the markets for railway transport services requires non-discriminatory access to the railway … infrastructures. As well the horizontal interoperability between national railway networks is a prerequisite that full competition on …
Persistent link: https://www.econbiz.de/10009412269
International mobile roaming cartel agreements prompted the EU to intervene, firstly encompassing competition law … measures by a cartel exemption, then ini-tiating several competition proceedings based on the accusation of abuse of a dominant …
Persistent link: https://www.econbiz.de/10009717673
It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert-identification of relevant rivals and the event-study...
Persistent link: https://www.econbiz.de/10010364303