merging and rival firms' stocks to quantify the profitability effects of mergers and merger control decisions. We back up our … assess merger control's effectiveness. By using data gathered from several sources and employing different evaluation … techniques, we analyze the economic effects of the European Commission's (EC) merger control decisions and distinguish between …

rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust … 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 …

quantify the profitability effects of mergers and merger control decisions. The basic idea is to relate announcement and … concentrations during the period 1990-2002 to assess the effectiveness of European merger control. We analyze the economic effects of … the European Commission's merger control decisions and distinguish between prohibitions, clearances with commitments …

In the 1990s, European merger regulation (EMR) was biased against foreign acquirers, especially if the deal harmed … 2004. With a sample of 474 merger proposals submitted to the EC during 1990–2007, we show that the EC's protectionism from …

This article revisits the protectionism hypothesis related to the European merger regulation (EMR). In the 1990s, EMR … to have blocked mergers between US companies which have been approved by the US authorities. In addition, in 2002, the … EC in the 1990s. With a sample of 474 merger proposals submitted to the EC during 1990–2007, we show that the EC …

. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the …We analyze horizontal mergers when the acquirer holds a passive partial ownership stake (PPO) in the target firm prior … to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …

. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its …We analyze evidence production in merger control as a delegation problem in an inquisitorial competition policy system … implemented only after evidence on the efficiency of a merger proposal has been produced. …

We analyze a large merger in the Dutch banking market during the financial crisis using disaggregated data. Based on a … merger simulation model, we evaluate merger-induced changes in the interest rates for savings accounts. We find that the …

In this paper, we analyse the final decisions for merger cases prepared by the European Commission (EC) since 1990 and … build a unique subsample for all non-cleared cases. These incorporate all merger notifications which were either withdrawn …