is that efficiency gains, and their pass-on to consumers, may vary substantially from merger to merger. For this reason …This report studies the importance of efficiency gains from horizontal mergers. A general theme throughout this report … it seems appropriate to reconsider current practice in European merger control, which does not allow the merging parties …

This paper evaluates the welfare consequences of the failing firm doctrine in the EU and US merger laws. I combine an …

immediate merger for two reasons. First, by predating, firms may share the costs of eliminating a rival and circumvent the free … that a restrictive merger policy may be counterproductive, since it may increase the incentives for predation by helping …

The purpose of this report is to contribute to the analysis of two questions. Should a merger control system take into … account efficiency gains from horizontal mergers, and balance these gains against the anti-competitive effects of mergers? If … so, how should a system be designed to account for efficiency gains? The report is based on a report to the European …

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 …

into account efficiency and market power effects. Our findings suggest that a merger policy, but not a discriminatory …

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 …