The European competition policy can look back at a successful forty-year old practice of application by the European Commission. However, non-competition factors in the competition policy has become more and more relevant with the increasing importance of the so called positive integration. In a...

Based on the ongoing disclosure overload debate, this paper investigates how deregulation-driven decreases in quarterly disclosure affect information asymmetry. We exploit a German setting in which the minimum content requirements for quarterly reporting have been reduced for firms listed in the...

The European Union recently introduced a new criterion for testing whether notified mergers are compatible with the common market. It abandoned the dominance test and switched to a variant of the Substantial Lessening of Competition test, which has been christened Substantial Impediment to...