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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
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
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
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
This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … investigated mergers and whether a more effective merger control regime can be achieved within the current legal framework. …
Persistent link: https://www.econbiz.de/10012179784
. After reviewing event studies as a method to acquire empirical insights into the competitive effects of mergers, I propose a … market returns of likely competitors to 1,751 of the largest U.S. mergers since 1997. I document that likely competitors …
Persistent link: https://www.econbiz.de/10012233967
The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...
Persistent link: https://www.econbiz.de/10013266605
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
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