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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
many years. In this article the two previous attempts are reviewed and lessons are drawn from an antitrust and competition …
Persistent link: https://www.econbiz.de/10010319612
the insiders' dilemma, i.e. profitable mergers do not occur. This strategy may thus be more profitable for a buyer than …
Persistent link: https://www.econbiz.de/10010320109
Theoretically, cross ownership may mitigate mergers, i.e. market concentrations. Holding a share in a competing firm …
Persistent link: https://www.econbiz.de/10010320168
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
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
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
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
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
We consider merger remedies of the U.S. Department of Justice's Antitrust Division and the U.S. Federal Trade …
Persistent link: https://www.econbiz.de/10011731182