Mit knapp 1,7 Mill. Beschäftigten und einem Umsatz von 528 Mrd. ? war die europäische Chemische Industrie auch im Jahre 2002 einer der größten europäischen Industriezweige. Das Wachstum der realen Wertschöpfung übertraf mit 3,1 % p.a. im Zeitraum 1991 bis 2002 den gesamtindustriellen...

Consumers suffer from high drug prices, which stem in large part from pharmaceutical companies’ anticompetitive games. This essay discusses the crucial role antitrust enforcement agencies can play in addressing pay-for-delay settlements and product hopping and draws lessons from this...

In this ex-post analysis, we have used three large pharmaceutical merger cases to examine the correctness of the market definition carried out by the FTC and the European Commission with regard to innovation competition. In doing so, we selected three merger cases that were reviewed by both...

This paper provides estimates of price-marginal cost ratios or markups for 50 sectors in 8 euro area countries and the US over the period 1981-2004. The estimates are obtained applying the methodology developed by Roeger (1995) on the EU KLEMS March 2007 database. Five stylized facts are...