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Competition policy investigations usually commence with a definition of the relevant product and geographic market. The relevant market provides a first evaluation of competitive conditions and allows for the calculation of market shares, which aids in the assessment of firms’ market power....
Persistent link: https://www.econbiz.de/10010659633
This report studies the importance of efficiency gains from horizontal mergers. A general theme throughout this report … is that efficiency gains, and their pass-on to consumers, may vary substantially from merger to merger. For this reason … it seems appropriate to reconsider current practice in European merger control, which does not allow the merging parties …
Persistent link: https://www.econbiz.de/10005670113
uncovers new effects. First, exclusive deals can be used to improve the incumbent’s bargaining position in the merger … installing new capacity. Third, exclusive dealing reduces welfare because (i) it may trigger entry through merger whereas de novo …
Persistent link: https://www.econbiz.de/10005504295
We review the burgeoning literature on two-sided markets focusing on the different definitions that have been proposed. In particular, we show how the well-known definition given by Evans is a particular case of the more general definition proposed by Rochet and Tirole. We then identify the...
Persistent link: https://www.econbiz.de/10010857756
Abstract: We review the burgeoning literature on two-sided markets focusing on the different definitions that have been proposed. In particular, we show that the well-known definition given by Evans is a particular case of the more general definition proposed by Rochet and Tirole. We then...
Persistent link: https://www.econbiz.de/10011093273
the trends and to answer the question - does a global financial slowdown increase the number of mergers or decrease it? We … find that the number of mergers across the globe has gone down, while the average size of a deal has seen only a minor dip … coming years. Merger assessment in the midst of a financial crisis is highly challenging. We consider that EU merger control …
Persistent link: https://www.econbiz.de/10010632353
An antitrust authority deters collusion using fines and a leniency program. Unlike in most of the earlier literature …
Persistent link: https://www.econbiz.de/10010884994
-consumer price discrimination; and (iii) inter-product price discrimination, and assess the antitrust liability that these practices … may entail. We also discuss the impact on consumers and competition, as well as potential antitrust liability of bundling …
Persistent link: https://www.econbiz.de/10010938600
a one-stop-shop for the prosecution of international cartels, the handling of cross-border mergers and acquisitions and … the governance of international antitrust cases. Thus, lead jurisdiction models offer considerable economic benefits …
Persistent link: https://www.econbiz.de/10010957569
This paper investigates the design of a leniency policy to fight corporate crime. We explicitly take into account the agency problem within the firm. We model this through a three-tier hierarchy: authority, shareholder, and manager. The manager may breach the law and report evidence to the...
Persistent link: https://www.econbiz.de/10011277265