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This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by … 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging …
Persistent link: https://www.econbiz.de/10011518760
in the Horizontal Merger Guidelines. Through a model of enforcement, we find that agencies challenge mergers they expect …
Persistent link: https://www.econbiz.de/10014250141
analyze the effects of less restrictive policies, including merger remedies and the tax treatment of acquisitions and initial …
Persistent link: https://www.econbiz.de/10012584096
This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other acquisitions only has a weakly negative innovation...
Persistent link: https://www.econbiz.de/10012263689
Recently there has been a notable increase in interest in antitrust law in much of the world. This chapter discusses …, merger laws and enforcement practices, econometric methods for analyzing prospective horizontal mergers, and evidence …
Persistent link: https://www.econbiz.de/10014024580
discuss how mergers affect competing media platforms’ choice of genre. In the third part, we discuss how to take on merger … control in two-sided media markets. Motivated by some actual merger cases, we also discuss how antitrust authorities might err …
Persistent link: https://www.econbiz.de/10014025247
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