Showing 1 - 10 of 503
This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual … media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine … economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so …
Persistent link: https://www.econbiz.de/10012015849
A start-up engages in an investment portfolio problem by choosing how much to invest in a "rival" project, which threatens the position of an existing incumbent, and a "non-rival" project. Anticipating its acquisition by the incumbent, the start-up strategically distorts its portfolio of...
Persistent link: https://www.econbiz.de/10012797223
In several European merger cases competition authorities have demanded that the merging firm auctions off virtual capacity. The buyer of virtual capacity receives an option on an amount of output at a pre-specified price, typically equal to marginal cost. This output is sold in the market in...
Persistent link: https://www.econbiz.de/10010261290
Recently, Chr. Mantzavinos proposed a new concept for antitrust analysis drawing on theoretical developments in New … welfare economics, Mantzavinos pleas for a rule-governed antitrust policy which mainly operates with per se rules. This paper …
Persistent link: https://www.econbiz.de/10010296930
Recently, Chr. Mantzavinos proposed a new concept for antitrust analysis drawing on theoretical developments in New … welfare economics, Mantzavinos pleas for a rule-governed antitrust policy which mainly operates with per se rules. This paper … argues that the criticism of the traditional foundations of antitrust is inadequate and that per se rules rarely work …
Persistent link: https://www.econbiz.de/10010296936
the antitrust discourse. The current competition and antitrust policy topics that are addressed include the as …-efficient-competitor-test in abuse control, the regulation of systemic market power in digital ecosystems, antitrust interventions based on … proactive sector/industry investigations as well es merger control in relation to non-horizontal mergers and acquisitions. …
Persistent link: https://www.econbiz.de/10014547794
instrument of ministerial approval for mergers under Section 42 GWB, the Federal Minister of Economics could grant an exemption … ministerial cartel and ministerial approval for mergers, which shows that a ministerially approved cartel is likely to burden less …
Persistent link: https://www.econbiz.de/10012264937
Using data from the U.S. automobile market, we empirically examine the link between competition and innovation. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market’s economic importance, market dynamics, and the significant...
Persistent link: https://www.econbiz.de/10011388173
mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal split of surplus. …
Persistent link: https://www.econbiz.de/10010334980
I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...
Persistent link: https://www.econbiz.de/10010270643