employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …

is that efficiency gains, and their pass-on to consumers, may vary substantially from merger to merger. For this reason … it seems appropriate to reconsider current practice in European merger control, which does not allow the merging parties …

We analyze the efficiency defense in merger control. First, we show that the relationship between exogenous efficiency … find that merger proposals are largely aligned with a proper social welfare analysis which explicitly considers the without … merger counterfactual. We demonstrate that the merger specificity requirement does not help much to select socially desirable …

The literature identifies a significant drop in merger control enforcement activity on both sides of the Atlantic … economics suggest that a lack of 'fit' between the 'new' economic approach to merger control and the 'old' institutional … implicitly raising the standard of proof, leading to unattainable standards, virtually eroding merger control enforcement power …

basis of the economic theory of law enforcement we identify several factors that are likely to affect its degree of …

We review the Bundeskartellamt (Federal Cartel Office Germany) decision on the proposed merger between Springer and … the decision document reflects state-of-the-art economic theory on conglomerate mergers. Regarding such types of mergers …-economic approach in European merger control, a particular thorough line of argumen-tation, backed with particularly convincing economic …

the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …

We review the Bundeskartellamt (Federal Cartel Office Germany) decision on the proposed merger between Springer and … decision document reflects state-of-the-art economic theory on conglomerate mergers. Regarding such types of mergers …-economic approach in European merger control, a particular thorough line of argumentation, backed with particularly convincing economic …

procedures for merger control. We describe the main constituencies (both internal and external) involved in merger control in … both jurisdictions and discuss how a typical merger case would be handled under these procedures. At each stage, we … informal, the balance in the investigation and evaluation of the merger being provided by the credible threat of a court …