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Private Enforcement, Corruption, and Antitrust Design

Grajzl, Peter; Baniak, Andrzej - 2015

antitrust effectiveness and the need for comparative institutional analyses of antitrust that extend beyond matters of … precluding private antitrust enforcement as one salient choice in antitrust design depends on whether antitrust enforcement is … antitrust lawsuits or incentivizes firms to engage in frivolous litigation. Corruption expectedly reduces the effectiveness of …

Persistent link: https://www.econbiz.de/10011388273

How Antitrust Enforcement Can Spur Innovation: Bell Labs and the 1956 Consent Decree

Watzinger, Martin; Fackler, Thomas A.; Nagler, Markus; … - 2017

antitrust lawsuit that charged Bell with having foreclosed the market for telecommunications equipment. The decree forced Bell …

Persistent link: https://www.econbiz.de/10011615906

Competition and stability in banking

Vives, Xavier - 2010

I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...

Persistent link: https://www.econbiz.de/10010270643

Merger Policy in Digital Markets: An Ex-Post Assessment

Argentesi, Elena; Buccirossi, Paolo; Calvano, Emilio; … - 2019

This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition...

Persistent link: https://www.econbiz.de/10012179784

Concentration and Competition: Evidence from Europe and Implications for Policy

Koltay, Gábor; Lorincz, Szabolcs; Valletti, Tommaso M. - 2022

The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...

Persistent link: https://www.econbiz.de/10013266605

Mavericks, Universal, and Common Owners - The Largest Shareholders of U.S. Public Firms

Amel-Zadeh, Amir; Kasperk, Fiona; Schmalz, Martin C. - 2022

We construct a novel data set to show that, between 2003-2020, up to one-fifth of America's largest firms had a non-financial blockholder or insider as their largest shareholder. Blockholders and insiders tend to be less diversified than institutional investors. Measures of "universal" and...

Persistent link: https://www.econbiz.de/10013427712

Buying to Sell: Private Equity Buyouts and Industrial Restructuring

Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2013

antitrust policy, we underscore that an active private equity market can aid antitrust authorities by triggering welfare …

Persistent link: https://www.econbiz.de/10010318810

Evidence Production in Merger Control: The Role of Remedies

Dertwinkel-Kalt, Markus; Wey, Christian - 2021

. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its …

Persistent link: https://www.econbiz.de/10012581978

Virtual capacity and competition

Schultz, Christian - 2005

In several European merger cases competition authorities have demanded that the merging firm auctions off virtual capacity. The buyer of virtual capacity receives an option on an amount of output at a pre-specified price, typically equal to marginal cost. This output is sold in the market in...

Persistent link: https://www.econbiz.de/10010261290

Patent Pools, Litigation and Innovation

Choi, Jay Pil; Gerlach, Heiko - 2013

This paper analyzes patent pools and their effects on innovation incentives. It is shown that the pro-competitive effects of patent pools for complementary patents naturally extend for dynamic innovation incentives. However, this simple conclusion may not hold if we entertain the possibility...

Persistent link: https://www.econbiz.de/10010328766

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