We analyze the welfare effects of structural remedies on merger activity in a Cournot oligopoly if the antitrust agency applies a consumer surplus standard. We derive conditions such that otherwise price-increasing mergers become externality-free by the use of remedial divestitures. In this...

The globalization of markets and companies has increased the demand for internationally comparable high quality accounting information resulting from a common set of accounting rules. Despite remarkable efforts of international harmonization for more than 25 years, accounting regulation is still...

Märkte für energieeffiziente Güter zeichnen sich typischerweise durch Informationsasymmetrien aus. Zertifizierte Öko-Labels einer unabhängigen Drittpartei stellen ein geeignetes Instrument dar, um solche Informationsasymmetrien am Markt zu überwinden und Vertrauen in die Gültigkeit von...

As a response to multiple financial shocks, international standards have disappointed. Consensus-seeking has stifled innovation, perpetuating outdated regulatory concepts at a time of rapid market change. Different forces are at work now. Markets are complex and idiosyncratic; they may not be...

The Microsoft v. Motorola cases in U.S. federal court and transformative developments in enforcement activity by the European Commission antitrust authorities have created a new dynamic intersection between competition and intellectual property law. This legal juncture focuses on a patent...

Against the background of the asymmetric mandates of Global Antitrust Institutions (GAIs), this paper explores the potential for juris-generative interactions in the form of legal transplants of antitrust rules and principles from the OECD, the UNCTAD, and the ICN to the WTO through the gateway...