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media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine …, we address three research questions: (i) Is the current development of analyzing industry with its recent merger activity …? (iii) What are implications for antitrust policy? We conclude from our analysis that in the already highly horizontally …
Persistent link: https://www.econbiz.de/10012011207
assumption were held, a positive external effect of a proposed merger would represent a sufficient condition to allow the merger … theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action. Therefore, we drop … this restrictive assumption and allow for unprofitable mergers to occur. This exerts a considerable impact on merger policy …
Persistent link: https://www.econbiz.de/10011452858
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 … mergers and economic theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action …
Persistent link: https://www.econbiz.de/10011492104
Persistent link: https://www.econbiz.de/10001568481
promises and downsides of merger simulations as a tool of computational antitrust. In doing this, we first provide an overview … to reap considerable prospects of merger simulations as a computational antitrust tool …Computational antitrust is gaining high attention from competition authorities worldwide. In this paper, we examine the …
Persistent link: https://www.econbiz.de/10014083491
merger control could also benefit from an ORAM-style conception. …
Persistent link: https://www.econbiz.de/10012229920
Nowadays, merger control predominantly relies upon a strict analysis of the effects from merger and acquisitions on … effective competition. However, there is scope for so-called public interest considerations in several European merger control …-competition-oriented interventions into merger control. For instance, they did so in the context of the prohibition of the Siemens-Alstommerger and the …
Persistent link: https://www.econbiz.de/10012057286
ein ministererlaubtes Kartell häufig weniger starke negative Wettbewerbswirkungen hätte, als eine irreversible Fusion. Aus … negative effects on competition than an irreversible merger. We conclude that from an economic point of view a replacement of …
Persistent link: https://www.econbiz.de/10012261718
derive four recommendations for the future enforcement of abuse control and related merger control: (i) we advocate to … corresponding merger control. While going beyond pure guideline recommendations and focusing on a dynamic-economic view, we are …
Persistent link: https://www.econbiz.de/10014512364
effects. -- merger simulation ; merger control ; antitrust ; oligopoly theory ; auction models ; mergers & acquisitions … 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 of antitrust and, therefore, its "technical" potential is far from being …
Persistent link: https://www.econbiz.de/10003864445