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Assessing EU merger control through compensating efficiencies
Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021
Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...
Persistent link: https://www.econbiz.de/10012668490
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Do mergers among multimarket firms create value?
Linde, Sebastian; Siebert, Ralph - 2016
contribute, on average, 20% of the total merger value added. Moreover, we find that multimarket efficiency gains dominate …
Persistent link: https://www.econbiz.de/10011549386
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Upstream horizontal mergers and efficiency gains
Milliou, Chrysovalantou; Pavlou, Apostolis - 2009
We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … efficiency gains can overcome its anti-competitive effects in terms of welfare, we show that when firms merge usually both of the …
Persistent link: https://www.econbiz.de/10010484491
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Market concentration in Europe : evidence from antitrust markets
Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021
An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...
Persistent link: https://www.econbiz.de/10012421242
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The evolution of theories of harm in EU merger control
Duso, Tomaso; Bernhardt, Lea; Piechucka, Joanna - 2024
We discuss the main Theories of Harm in EU merger control and their evolution since the 1990s. We present stylised facts and trends using data extracted from EU merger decisions by natural language processing tools. EU merger policy has adapted over time, both in terms of legislation and...
Persistent link: https://www.econbiz.de/10014583802
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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 … implemented only after evidence on the efficiency of a merger proposal has been produced. …
Persistent link: https://www.econbiz.de/10012438354
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EU merger control in differentiated product industries
Mariuzzo, Franco (contributor);  … - 2004
EU Merger Control Regulation No 4064/89 tended to rely on a dominance test, based on the market share of undertakings, to indicate the level and potential changes in market power. The use of such in differentiated product industries is questionable. New EC Merger Regulation No 139/2004...
Persistent link: https://www.econbiz.de/10002521111
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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/10013166348
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25 years of European merger control
Affeldt, Pauline Luise; Duso, Tomaso; Szücs, Florian - 2020
We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the 1990-2014 period, we evaluate how consistently...
Persistent link: https://www.econbiz.de/10012200178
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Merger policy and tax competition
Haufler, Andreas (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003624533