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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/10012659077

Market concentration in Europe : evidence from antitrust markets

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021 - This draft: January 20, 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/10012426540

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/10009771895

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/10010190270

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/10012258922

Effective European antitrust : does EC merger policy generate deterrence?

Clougherty, Joseph A.; 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/10011392122

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/10011995142

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/10011995257

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/10010225567

Beef up your competitor : a model of advertising cooperation between internet search engines

Sapi, Geza; Suleymanova, Irina - 2009

We propose a duopoly model of competition between internet search engines endowed with different technologies and study the effects of an agreement where the more advanced firm shares its technology with the inferior one. We show that the superior firm enters the agreement only if it results in...

Persistent link: https://www.econbiz.de/10003821876