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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/10012745501
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Market concentration in Europe: Evidence from antitrust markets
Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021
-merger HHI, is larger than reported in the extant literature (at least) by a factor of ten. We also show that concentration has …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 …
Persistent link: https://www.econbiz.de/10012427949
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They played the merger game: A retrospective analysis in the UK videogames market
Aguzzoni, Luca; Argentesi, Elena; Buccirossi, Paolo; … - 2013
We study the effect of a merger in a dynamic high-technology industry-the videogame market- which is characterized by frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in the UK, we perform a difference-in-differences analysis...
Persistent link: https://www.econbiz.de/10010323916
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R&D spillovers throught RJV cooperation
Banal-Estañol, Albert; Duso, Tomaso; Seldeslachts, Jo; … - 2020
We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research Joint Ventures (RJVs). We build on the framework developed by Bloom et al. (2013) which considers the opposing effects of technology spillovers and product market rivalry, and...
Persistent link: https://www.econbiz.de/10012259639
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Ex-post merger evaluation in the UK retail market for books
Aguzzoni, Luca; Argentesi, Elena; Ciari, Lorenzo; Duso, … - 2013
This paper empirically evaluates the price effects of the merger of two major book retail chains in the UK: Waterstone's and Ottakar's. We employ differences-in-differences techniques and use a rich dataset containing monthly scanner data information on a sample of 200 books sold in 60 stores in...
Persistent link: https://www.econbiz.de/10010317360
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Effective European antitrust: Does EC merger policy generate deterrence?
Clougherty, Joseph; Duso, Tomaso; Lee, Miyu; … - 2015
deterrence effects of phase-1 remedies work best in high-concentration industries; i.e., industries where the HHI is above the 0 …, but do deter potentially anti-competitive mergers in high-concentration industries. …
Persistent link: https://www.econbiz.de/10011404236
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25 years of European merger control
Affeldt, Pauline; Duso, Tomaso; Szücs, Florian - 2019
-parametric machine learning techniques, we find that the importance of market shares and concentration measures has declined while the …
Persistent link: https://www.econbiz.de/10011996699
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EU merger policy predictability using random forests
Affeldt, Pauline - 2019
I study the predictability of the EC's merger decision procedure before and after the 2004 merger policy reform based on a dataset covering all affected markets of mergers with an official decision documented by DG Comp between 1990 and 2014. Using the highly flexible, non-parametric random...
Persistent link: https://www.econbiz.de/10011996702
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Big banks and macroeconomic outcomes: Theory and cross-country evidence of granularity
Bremus, Franziska; Buch, Claudia M.; Russ, Katheryn Niles; … - 2013
concentration is associated with a positive and significant relationship between bank-level credit growth and aggregate growth of …
Persistent link: https://www.econbiz.de/10010327855
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TFP, labor productivity and the (un)observed labor input: Temporary agency work
Schiersch, Alexander - 2015
The study focuses on the question of whether productivity estimates are biased due to the emergence of a new input that is usually omitted: temporary agency worker (TAW). The study analyzes labor productivity and TFP by means of a structural approach using a representative dataset of German...
Persistent link: https://www.econbiz.de/10011415296