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mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal split of surplus. …
Persistent link: https://www.econbiz.de/10005190652
mergers and acquisitions among already powerful retail chains. These considerationslead antitrust authorities to very … study for the Dutch Autoriteit Consument & Markt (ACM), we examined the effects of a series of three national mergers in the … mergers did not have significant effects on prices. However, we find that the last mergersignificantly reduced the depth of …
Persistent link: https://www.econbiz.de/10011417318
mergers and acquisitions among already powerful retail chains. These considerationslead antitrust authorities to very … study for the Dutch Autoriteit Consument & Markt (ACM), we examined the effects of a series of three national mergers in the … mergers did not have significant effects on prices. However, we find that the last mergersignificantly reduced the depth of …
Persistent link: https://www.econbiz.de/10011412971
mergers when deciding whether to approve a current merger notification. The result is a more stringent CA that demands higher … reduces prices. However, in the absence of entry and exit, a merger policy that considers alternative mergers is never … adopts (tougher or laxer). Lastly, the paper suggests that even when alternative mergers could have positive effects on …
Persistent link: https://www.econbiz.de/10005190644
This paper studies competition in the German market for mobile telecommunications, motivated by recent suggestions that T-Mobile and Vodafone possess a position of collective dominance. Allegedly, their position of joint dominance is secured through a combination of first-mover advantages and...
Persistent link: https://www.econbiz.de/10010302570
Dieser Beitrag zeigt, dass aktienkursabhängige Entlohnung bei korrelierter Nachfrageentwicklung die Neigung der Manager erhöht, eine implizite Preisabsprache einzuhalten. Die geringeren Gewinne in der Strafphase führen bereits in der Ausbruchsperiode zu einem niedrigeren Aktienkurs und damit...
Persistent link: https://www.econbiz.de/10010305065
Coordination Failure Diagnostics (CFD) is a model that analyses real market processes with the help of time pattern analysis and investigates whether they operate efficiently. The CFD cartel-audit should enable the detection of cartels via characteristic market process patterns. This is based on...
Persistent link: https://www.econbiz.de/10010307143
Wettbewerbspolitisch stellt sich die Frage, ob im 5er-Oligopol mit Aral, Shell, Esso, Total und Jet Binnenwettbewerb fehlt und ob dieses Oligopol wirksam Außenseiterwettbewerb ausgesetzt ist. Nach neuartigen Daten für vier Metropolen aus 2014, die auf die Marktransparenzstelle zurückgehen,...
Persistent link: https://www.econbiz.de/10011419598
new products and services. Besides these welfare gains, privacy issues may ensue, which can be mitigated by strict …
Persistent link: https://www.econbiz.de/10011956006
We demonstrate that the popular Farrell-Shapiro-framework (FSF) for the analysis of mergers in oligopolies relies … mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable …
Persistent link: https://www.econbiz.de/10010265767