This paper develops a new way to estimate cost synergies from mergers without using actual data on cost. The estimator uses a structural model in which companies play a dynamic game with endogenous mergers and product repositioning decisions. Such a formulation has several benefits over the...

In his chapter in the forthcoming book Antitrust Stories (Foundation Press, Eleanor Fox and Dan Crane editors), Steve Calkins relates the saga that included the landmark Broadcast Music case. It's a great story peopled with colorful characters - and one in which amicii, both in Broadcast Music...

This paper develops a way to estimate fixed-cost efficiencies from mergers. The estimates might be used to assess the total welfare impact of retrospective and counterfactual mergers. The procedure uses a structural model in which companies play a dynamic game with endogenous mergers and...

This paper deals with EU-Directive 89/552/EEC "Television Without Frontiers", which enables each EU-country to set up a list of major events that are not allowed to be transmitted in Pay-TV. We analyze this kind of regulation using instruments of game-theory and monopoly-theory. We compare the...

Kürzlich haben die Ministerpräsidenten der Länder beschlossen, im Rahmen der vierten Novellierung des Rundfunkstaatsvertrages eine Grundversorung bei der Übertragung großer Sportveranstaltungen im freien Fernsehen sicherzustellen. Sind staatliche Eingriffe in diesem Bereich aus...