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Efficiency defence and merger remedies are key components in most merger control regimes. Although in many jurisdictions both the provision of efficiency-related evidence and remedy offers are at the merging firms' discretion, most previous works have only analysed them separately. This paper is...
Persistent link: https://www.econbiz.de/10010594862
We examine the incentives of a monopolistic search engine, funded by advertising, to provide reliable search results. We distinguish two types of search results: sponsored and organic (not-paid-for). Organic results are most important in searches for online content, while sponsored results are...
Persistent link: https://www.econbiz.de/10011264249
mergers based on information that commonly is available to antitrust authorities. I derive general expressions for the ex ante …
Persistent link: https://www.econbiz.de/10011117302
The arm's length principle states that the transfer price between two associated enterprises should be the price that would be paid for similar goods in similar circumstances by unrelated parties dealing at arm's length with each other. This paper examines the effect of the arm's length...
Persistent link: https://www.econbiz.de/10010608440
markets and face antitrust enforcement in different jurisdictions. We are concerned with the effectiveness of leniency … programs and the benefits of international antitrust cooperation between agencies. When international antitrust prosecution is … effectively. We then discuss the effects of information sharing among antitrust authorities as a function of how much and which …
Persistent link: https://www.econbiz.de/10010594866
In this paper we examine how trade liberalization affects collusive stability in the context of multimarket interactions. The model we consider is a segmented-markets duopoly with differentiated goods in which price-setting firms pool their incentive constraints across markets to sustain their...
Persistent link: https://www.econbiz.de/10010573883
When commodity prices rise, wholesalers and retailers of products derived from basic commodities respond by passing along at least a portion of the price increase to consumers. In this paper we examine whether firms respond differently to positive commodity price shocks than to negative...
Persistent link: https://www.econbiz.de/10010582616
We evaluate the impact on market power and efficiency of a series of mergers on three Portuguese non-life insurance markets. We specify and estimate, with a panel of firm-level data, a structural model which includes: preferences, technology, and a market equilibrium condition. Firms' demand...
Persistent link: https://www.econbiz.de/10010730048
Recent literature has shown that an incumbent can use exclusive contracts to maintain supra-competitive prices when buyers of the good are also competitors. Most of the models require the incumbent to completely prevent a more efficient potential entrant from entering, and assume that the...
Persistent link: https://www.econbiz.de/10010730061
We study a merger between two Dutch supermarket chains to assess its effect on the depth as well as composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in pre-merger competitive conditions and thus in the merger outcomes. To define our control...
Persistent link: https://www.econbiz.de/10014417647