The paper identifies problems with the ordered breakup of Microsoft that seem to have been completely overlooked by the government, the judge, and the commentators. The breakup order prohibits Bill Gates and other large Microsoft shareholders from owning shares in both of the companies that...

China's new Anti-Monopoly Law (AML), over two decades in the making, was finally enacted on August 30, 2007 and on August 1, 2008 will replace the disparate and ineffective competition regime currently in place. Legislators invited the input of a wide array of domestic and foreign legal experts...

Advances in competition economics as well as in computational and empirical methods have offered the scope for the employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is, nevertheless, still a very young and innovative instrument...

Recent reports on banking sector often indicate that India is slowly but surely moving from a regime of 'large number of small banks' to 'small number of large banks'. The aim of this paper is to probe into the various motivations for mergers and acquisitions in the Indian Banking sector. Thus,...

Ecuador and Bolivia have proved resilient to the establishment and the adoption of Competition Laws. Despite several drafts have been discussed in the last few years, to date no competition rules have been enacted.Notwithstanding, both are members of the Andean Community which have recently...

This article critically evaluates advantages and, in particular, possible drawbacks Reg. 1/2003 has implied for the various institutions involved in EC competition law enforcement by separately analyzing their quot;newquot; roles within the framework. Starting with a brief outline of the...

Theoretical IO models of horizontal mergers and acquisitions make the critical assumption of efficiency gains. Without efficiency gains, these models predict either that mergers are not profitable or that mergers are welfare reducing. A problem here is the empirical observation that on average...

This paper presents an analysis of merger enforcement at the Federal Trade Commission under the 1992 Merger Guidelines. Econometric analysis suggests that enforcement decisions are best predicted with the Herfindahl when the relevant theory is collusion and the number of significant rivals when...

The antitrust intervention in banking has always been heavily influenced by considerations of stability. Regulation has historically given precedence to the stability objective, relegating thus competition to second place. In fact, in the case of banking, price competition tends to encourage...

The paper develops a methodological framework for quantifying the impact of merger control regulations. While most countries have different criteria in terms of sales, market shares or combinations of the above, and while listing an inventory of these criteria is easy, such an exercise does not...