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Using a sample of 96 mergers notified to the EU Commission and logit regression techniques, we analyse the Commission's decision process. We find that the probability of a phase 2 investigation and of a prohibition of the merger increases with the parties' market shares. The probability...
Persistent link: https://www.econbiz.de/10010321571
Television is the dominant entertainment medium for hundreds of millions. This chapter surveys the economic forces that determine the production and consumption of this content. It presents recent trends in television and online video markets, both in the US and internationally, and describes...
Persistent link: https://www.econbiz.de/10011420564
In this paper, we analyze the effect of market power on the share of females in top management positions using data from a market in which some firms have market power due to an institutionalized cartel. We investigate collegiate athletics and interpret coaches as top-level managers or chief...
Persistent link: https://www.econbiz.de/10010368250
Japanese antitrust law exempts a variety of vertical and horizontal restraints that are commonly regarded as anti … similarity in the level of "competition" in the two countries despite their very dissimilar antitrust environments. This paper … attempts to explain this apparent empirical paradox by adopting the hypothesis that antitrust alters foremost the relative mix …
Persistent link: https://www.econbiz.de/10013342351
Most often, the competition authorities approve combinations based on the tradeoff between the expected efficiency gains and the likely effect on market power creation. However, the realities may be different from the expected synergy creation since merger regulations are ex ante in nature. The...
Persistent link: https://www.econbiz.de/10011807705
We examine cost-reducing investment in vertically-related oligopolies, where firms may be vertically integrated or separated. Analyzing a standard linear Cournot model, we show that: (i) Integrated firms invest more than separated competitors. (ii) Vertical integration increases own investment...
Persistent link: https://www.econbiz.de/10010315492
We examine vertical backward integration in a reducedform model of successive oligopolies. Our key findings are: (i) There may be asymmetric equilibria where some firms integrate and others remain separated, even if firms are symmetric initially; (ii) Efficient firms are more likely to integrate...
Persistent link: https://www.econbiz.de/10010315532
exit. We adopt a natural experiment approach towards analyzing the impact of a tightening of Swiss antitrust legislation on …
Persistent link: https://www.econbiz.de/10010315540
This article analyzes the effects of intellectual property rights in a qualityladder model in which incumbent firms preemptively innovate in order to keep their position of leadership. Unlike in models with leapfrogging, granting nonexpiring forward protection reduces the rate of innovation and...
Persistent link: https://www.econbiz.de/10010316839
We analyze entry of a firm with a new and differentiated product into a market with two properties: An existing incumbent has a captive consumer base, and all consumers have heterogeneous tastes. The interaction of the share of captive consumers with the degree of taste heterogeneity leads to...
Persistent link: https://www.econbiz.de/10012523362