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media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine …, we address three research questions: (i) Is the current development of analyzing industry with its recent merger activity … merger control in this industry, as well as a more active abuse control against already vertically-integrated media companies. …
Persistent link: https://www.econbiz.de/10012011207
to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the … current EU merger control regime) invites sneaky takeovers: Acquiring firms strategically use PPOs prior to a full merger …
Persistent link: https://www.econbiz.de/10009788178
vertical mergers. Using public data from the Comcast-Time Warner-Adelphia Merger Order of the Federal Communications Commission …
Persistent link: https://www.econbiz.de/10010391562
price effects are possible outcomes of the merger activity …
Persistent link: https://www.econbiz.de/10013103770
entails. It could either be a substantive factual inference based on economic theory or a procedural device for artificially … presumption as a formal rebuttable presumption, modern merger analysis needlessly complicates the use of market concentration …
Persistent link: https://www.econbiz.de/10012936721
merger partner. The result is significantly higher rate of innovation with mergers than without and significantly higher long …
Persistent link: https://www.econbiz.de/10012856168
pricing pressure, and the vertical arithmetic. In addition, for each tool, its use in a recent U.S. merger case is illustrated …: for critical loss analysis, the Novelis/Aleris merger; for upward pricing pressure, the GE/Electrolux merger; and for the …
Persistent link: https://www.econbiz.de/10012549574
Concentration-based screens for horizontal mergers, such as those employed in the US DOJ and FTC Horizontal Merger … Guidelines, play a central role in merger analysis. However, the basis for these screens, in both form and level, remains unclear …
Persistent link: https://www.econbiz.de/10012481388
Previous work on exit in declining industries has neglected mergers. We examine a simple model that predicts which declining industries experience horizontal mergers. Mergers are more likely if 1) market concentration is high; 2) the inverse demand curve is steep at high levels of output and...
Persistent link: https://www.econbiz.de/10011569023
that in absence of any penalty on cartel, a firm always prefers a cartel to merger, when the latter does not involve any … concentration among the competitive fringe lowers the profitability of merger as compared to cartel. We then discuss the impact of … antitrust regulation against cartel in the absence and presence of merger regulations. We find that in our model, regulation …
Persistent link: https://www.econbiz.de/10014221197