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The product of a long-standing collaboration and recent collective research effort by members of the CGEUI network, The European Corporation makes an important contribution to the ongoing debate over convergence to the Anglo-Saxon model of corporate governance and persistence in corporate...
Persistent link: https://www.econbiz.de/10014466738
tools; and 4) deterrence of anti-competitive mergers. To infer the economic impact of the merger policy reform, we compare … the results of our four tests before and after its introduction. Our results suggest that the policy reform seems to have …
Persistent link: https://www.econbiz.de/10008822615
-grounded. -- merger control ; regulatory reform ; EU Commission ; event-study …
Persistent link: https://www.econbiz.de/10009551410
tools; and 4) deterrence of anti-competitive mergers. To infer the economic impact of the merger policy reform, we compare … the results of our four tests before and after its introduction. Our results suggest that the policy reform seems to have … been only a modest improvement of European merger policy. -- merger control ; regulatory reform ; EU Commission ; event-study …
Persistent link: https://www.econbiz.de/10009408081
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We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock market reactions. We focus on four different dimensions of effectiveness: 1) legal certainty, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We apply...
Persistent link: https://www.econbiz.de/10010309223
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We quantify externalities on profitability and market shares of competing firms in oligopolistic markets through the transition from an n to an n - 1 player oligopoly after a merger. Competitors are identified via the European Commission's market investigations and our methodology allows us to...
Persistent link: https://www.econbiz.de/10010189432
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