Showing 1 - 10 of 416
The duration of merger proceedings held by competition authorities is an important determinant of the efficiency of the … does not imply a decrease in administrative efficiency, as the probability of indepth investigations was correspondingly …
Persistent link: https://www.econbiz.de/10011316395
The paper studies the effects of the Pfizer and Pharmacia (2003) merger on competition in the Swiss pharmaceutical market and compares the assessment of the Swiss Competition Commission (COMCO) with the post-merger market developments. We find that the merger has had a miniscule impact on the...
Persistent link: https://www.econbiz.de/10009011228
Although there is anecdotal evidence that merger control may constitute a barrier to the integration of European retail banking markets, systematic empirical evidence is missing until now. This paper aims to fill this gap. Based on a unique dataset on the transparency on merger control in the EU...
Persistent link: https://www.econbiz.de/10003634823
In 2005, the President of the Bank of Italy blocked the cross-border acquisition of two Italian banks for prudential reasons and formal errors. Because it became later public that both deals were not blocked for prudential reasons, but to protect domestic banks from foreign investors. A survey...
Persistent link: https://www.econbiz.de/10003918454
In 2005, the President of the Bank of Italy blocked the cross-border acquisition of two Italian banks for ‘prudential reasons and formal errors’. Following these events, the EU Commission brought actions against Italy for infringement of the principle of the free movement of capital....
Persistent link: https://www.econbiz.de/10003608104
There is ample anecdotal evidence that political influence constitutes a barrier to the integration of the EU banking market. Based on a dataset on the transparency on the supervisory review process of bank mergers in the EU, I estimate the probability that a bank is taken over as a function of...
Persistent link: https://www.econbiz.de/10003922576
We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the average number of all merger transactions increase...
Persistent link: https://www.econbiz.de/10009751721
Hinter der Forderung nach höherer Energieeffizienz stehen üblicherweise konkrete umwelt- und energiepolitische Ziele wie Klimaschutz, Versorgungssicherheit und Ressourcenschonung. Das vorliegende Papier analysiert diese Argumente und diskutiert mögliche Politikinstrumente zur Zielerreichung....
Persistent link: https://www.econbiz.de/10003618873
The need to balance austerity with growth policies has put government efficiency high on the economic policy agenda in … Europe. Administrative reforms which boost the efficiency of the administration can alleviate the trade-off between … consolidation and public service provision. Against such backdrop, this study explores the determinants of efficiency enhancing …
Persistent link: https://www.econbiz.de/10011300639
This paper analyses the employment consequences of policies aimed to support biofuels in the European Union. The promotion of biofuel use has been advocated as a means to promote the sustainable use of natural resources and to reduce greenhouse gas emissions originating from transport activities...
Persistent link: https://www.econbiz.de/10003728599