Showing 1 - 10 of 16
subsidies complied with EU state aid rules, both in terms of effectiveness and competition. …
Persistent link: https://www.econbiz.de/10012433753
Persistent link: https://www.econbiz.de/10003130907
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 first propose a general framework to assess merger policy effectiveness, which is based on standard...
Persistent link: https://www.econbiz.de/10009408081
The strategic management literature has found it difficult to differentiate between collusive and efficiency-based synergies in horizontal merger activity. We propose a schematic to classify mergers that yields more information on merger types and merger effects, and that can, moreover,...
Persistent link: https://www.econbiz.de/10009408082
It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert-identification of relevant rivals and the event-study...
Persistent link: https://www.econbiz.de/10010364303
Mergers that substantially lessen competition are challenged by antitrust authorities. Instead of blocking … to proceed with modifications that restore or preserve the competition in the involved markets. We study a sample of 167 … authority and the merging parties. We first classify mergers according to their effects on competition and then we develop …
Persistent link: https://www.econbiz.de/10010366535
Persistent link: https://www.econbiz.de/10008933717
Persistent link: https://www.econbiz.de/10008933793
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 first propose a general framework to assess merger policy effectiveness, which is based on standard...
Persistent link: https://www.econbiz.de/10008822615
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...
Persistent link: https://www.econbiz.de/10009551410