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Assessing EU merger control through compensating efficiencies
Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021
Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...
Persistent link: https://www.econbiz.de/10012668490
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Market concentration in Europe : evidence from antitrust markets
Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021
-merger HHI, is larger than reported in the extant literature (at least) by a factor of ten. We also show that concentration has …An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in … many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market …
Persistent link: https://www.econbiz.de/10012421242
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Antitrust Limits on Startup Acquisitions
Bryan, Kevin - 2020
Should there be limits on startup acquisitions by dominant firms? Efficiency requires that startups sell their technology to the right incumbents, that they develop the right technology, and that they invest the right amount in R&D. In a model of differentiated oligopoly, we show distortions...
Persistent link: https://www.econbiz.de/10012849917
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Assessing EU merger control through compensating efficiencies
Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021
Persistent link: https://www.econbiz.de/10012703898
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Market concentration in Europe : evidence from antitrust markets
Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021
Persistent link: https://www.econbiz.de/10012418653
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Mergers and rivals' mark-ups: Evidence from European paper manufacturers
Marinov, Rosen - 2007
This paper investigates the effect of merger-driven market concentration on the markups of non-merging rival firms in …-year period, we aim to disentangle the impact of full-scale mergers and acquisitions from that due to other concentration …
Persistent link: https://www.econbiz.de/10010316731
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Global giants and local stars : how changes in brand ownership affect competition
Alviarez, Vanessa; Head, Keith; Mayer, Thierry - 2021
We assess the consequences for consumers in 76 countries of multinational acquisitions in beer and spirits. Outcomes depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little to the performance of brands. On average, foreign...
Persistent link: https://www.econbiz.de/10012583906
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They played the merger game : a retrospective analysis in the UK videogames market
Aguzzoni, Luca; Argentesi, Elena; Buccirossi, Paolo; … - 2013
We study the effect of a merger in a dynamic high-technology industry - the videogame market - which is characterized by frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in the UK, we perform a difference-in-differences analysis...
Persistent link: https://www.econbiz.de/10011730834
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Merger simulation in competition policy: A survey
Budzinski, Oliver; Ruhmer, Isabel - 2009
Advances in competition economics as well as in computational and empirical methods have offered the scope for the employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is, nevertheless, still a very young and innovative instrument...
Persistent link: https://www.econbiz.de/10010321675
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A note on competing merger simulation models in antitrust cases : can the best be identified?
Budzinski, Oliver - 2008
Advanced economic instruments like simulation models are enjoying an increased popularity in practical antitrust. There is hope that they being quantitative predictive economic evidence can substitute for qualitative structural analysis and lead to unambiguous results. This paper demonstrates...
Persistent link: https://www.econbiz.de/10003864436