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neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported …) decrease in labour demand due to merger-specific synergies and derive welfare effects. We find that efficiency benefits from …-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …
Persistent link: https://www.econbiz.de/10003836388
Persistent link: https://www.econbiz.de/10003863756
appropriate simulation model for any given merger proposal. Due to the inevitable necessity to reduce real-world complexity and … multi-parameter character of merger cases, the comparative fit of proposed merger simulation models with mutually … regarding two aspects. First, the scope for partisan economic evidence cannot be completely eroded in merger control. Second …
Persistent link: https://www.econbiz.de/10003864436
employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …
Persistent link: https://www.econbiz.de/10003864445
employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …
Persistent link: https://www.econbiz.de/10003821585
mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable … considerable impact on merger policy conclusions: while several insights of the original FSF are corroborated (f.i. efficiency …
Persistent link: https://www.econbiz.de/10003821593
neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported …) decrease in labour demand due to merger-specific synergies and derive welfare effects. We find that efficiency benefits from …-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …
Persistent link: https://www.econbiz.de/10003849829
Persistent link: https://www.econbiz.de/10003449337
We review the Bundeskartellamt (Federal Cartel Office Germany) decision on the proposed merger between Springer and …-economic approach in European merger control, a particular thorough line of argumen-tation, backed with particularly convincing economic … evidence, is necessary to justify a pro-hibition of a conglomerate merger from an economic point of view. Against this …
Persistent link: https://www.econbiz.de/10003526125
Persistent link: https://www.econbiz.de/10003572013