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Within the last three years, Google has acquired YouTube and DoubleClick and has attempted to control part of Yahoo!'s search advertising business. Two of the deals have not raised antitrust concerns by competition authorities. I review these deals with a focus on consumer welfare. Consumers are...
Persistent link: https://www.econbiz.de/10005098310
In this paper, we discuss from an economic perspective two alternative views of restrictions of competition by sports associations. The horizontal approach views such restrictions as an agreement among the participants of a sports league with the sports association merely representing an...
Persistent link: https://www.econbiz.de/10010957575
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This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
In the present context of the European Single Market and the globalization among economies, mergers and acquisitions represent the means by which companies increase their competitional capacity. Real economical facts outline that traders performing activities in a competitional economical...
Persistent link: https://www.econbiz.de/10010596213
In this paper, we analyse the scope for conflict between national merger control agencies which assert jurisdictions … simultaneously. We consider a positive model of merger control in which market definition and the analysis of dominance are both … explicitly specified. We find that conflict in international merger control is less likely to occur when economic integration is …
Persistent link: https://www.econbiz.de/10005481777
Long-term supply contracts often have ambiguous effects on the competitive structure, investment and consumer welfare in the long term. In a context of market building, these effects are likely to be worsened and thus even harder to assess. Since liberalization and especially since the release...
Persistent link: https://www.econbiz.de/10005212026
antitrust authorities have implemented a new method, called ‘merger simulation’ or the use of an oligopoly model with a demand … system that predict the post merger prices and outputs. The problems with this new method are that two: these inherent … structural change as a consequence of the merger; and the relationship that this new method made with the variables structure and …
Persistent link: https://www.econbiz.de/10004968731
We study welfare effects of horizontal mergers under a successive oligopoly model and find that downstream mergers can increase welfare if they reduce input prices. The lower input price shifts some input production from cost- inefficient upstream firms to cost-efficient ones. Also, the lower...
Persistent link: https://www.econbiz.de/10011082739