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. …

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 …

We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the …

We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the …

A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive …) model where firms are heterogeneous in terms of production capacities and individual cartel decisions are endogenized. The …, which firms are part of it. The second aim of the experiment is to study the coordinated effects of a merger when partial …

This paper examines whether cartel breakdown provokes a period of intensive merger activity amongst the former … sample of 84 European cartels, it finds that mergers are indeed more frequent post-cartel breakdown, especially in markets … effects - alternatively, they may be the consequence of market restructuring, necessitated by more intense competition post-cartel …

outcomes, and recommends tighter merger regulation. Since the works of both have been used to support more aggressive antitrust …

guidelines reflect a substantial consensus on the appropriate template for merger assessment. Nevertheless, official protocols …

assumption were held, a positive external effect of a proposed merger would represent a sufficient condition to allow the merger … theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action. Therefore, we drop … this restrictive assumption and allow for unprofitable mergers to occur. This exerts a considerable impact on merger policy …

mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable … mergers and economic theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action …