Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the economic impact of the change in Euro-pean merger legislation in 2004. We first propose a general framework to assess merger policy effectiveness, which is based on standard...

Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the economic impact of the change in European merger legislation in 2004. We ?rst propose a general framework to assess merger policy effectiveness, which is based on standard...

The role of merger control is to protect the interests of consumers over those of major corporations. To improve this protection, European merger control underwent comprehensive reforms in 2004. The aim was to increase the importance of economic principles in reaching verdicts. An empirical...

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...

The fundamental change of energy policy in Germany (the so-called Energiewende) has lead to a discussion how the security of electricity supply will be affected by the heavily subsidised expansion of electricity generation from renewable energies, as electricity generation from renewable...

There is an ongoing debate on the degree of integration of European wholesale power markets. A major task of the European Union is the creation of a common market in Europe and a common power market is an important part of this goal. The literature analyzing the degree of integration of European...

Antrag der Fraktion der FDP - Drucksache 16/1267. Öffentliche Anhörung des Ausschusses für Wirtschaft, Energie, Industrie, Mittelstand und Handwerk am 20. Februar 2013. Stellungnahme: Die Energiewende ist eine bedeutende gesellschaftliche und ökonomische Herausforderung. Angestrebt wird die...

Im Rahmen der Sektoruntersuchung des Großhandelsmarktes für Strom hat das Bundeskartellamt 2011 die Auffassung dargelegt, dass marktbeherrschende Unternehmen keine Preisgebote oberhalb der Grenzkosten abgeben dürfen. In dem vorliegenden Beitrag werden die Auswirkungen einer solchen...