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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 These incorporate all merger notifications which were either withdrawn …
Persistent link: https://www.econbiz.de/10012304413
consultants) anticipate the critical questions and potential paths that should be addressed regarding antitrust merger risk. This … affected merger review, investments, decision making, and counsel. The surveys also offer antitrust agencies an opportunity to …Estimating antitrust risk is fundamental to identifying, proposing, and pricing deals. A more informed understanding of …
Persistent link: https://www.econbiz.de/10014235831
attributable to the markets of concern. (i.e., by the “overlap”). If an antitrust agency challenges a merger having only a small …Most mergers involve multiple markets. The potential for settlement can vary by the fraction of the overall deal … to litigation. Regulators, antitrust attorneys, and expert economists have long wondered if the degree of overlap …
Persistent link: https://www.econbiz.de/10014126330
Digital platforms operate in multisided markets providing services through the internet to two or more distinct groups … group. Therefore, online platforms usually present both direct network effects, between individual members of the same group … mergers in two-sided markets, taking account of the recent practice of the Commission …
Persistent link: https://www.econbiz.de/10012949267
. 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. …
Persistent link: https://www.econbiz.de/10012438354
We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990-2009 period. Our … remedies, and preventions – phase-1 remedies lead to fewer merger notifications in subsequent years. Furthermore, the ….2 cut-off level employed by the EC. Additionally, we find that phase-1 remedies do not deter clearly pro-competitive mergers …
Persistent link: https://www.econbiz.de/10011392122
Persistent link: https://www.econbiz.de/10011878231
that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the …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 …
Persistent link: https://www.econbiz.de/10012659077
use a novel database that identifies over 20,000 product/geographic antitrust markets affected by over 2,000 mergers … many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market … scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger …
Persistent link: https://www.econbiz.de/10012421242
use a novel database that identifies over 20,000 product/geographic antitrust markets affected by over2,000 mergers … many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market … scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger …
Persistent link: https://www.econbiz.de/10012426540