Mergers and acquisitions shape industry competition. Effective merger remedies are important for market efficiency and consumer welfare. This paper explores the need for more flexible remedies to address changing markets after mergers. While the EU permits some flexibility with less restrictive...

Based on the European legal rules on freedom of establishment founders of companies have freedom of choice between different corporate laws – and as the emergence of new types such as the Spanish “lightning company” and the French ‘one-euro company' reveal, legislatures more and more try...

We study information transmission between informed experts and an uninformed decision-maker who only takes binary decisions. In the single expert case, we show that information transmission can only be relatively poor. Hence, even sophiscated communication games do not yield equilibria which (ex...