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rivals reduce their employment, sales and investment, while their profits increase around the time of a merger. …
Persistent link: https://www.econbiz.de/10012061779
We evaluate the impact of competition on investments in Europe’s mobile communications market during the 2011 … economic theory suggests these could be partly explained by the dynamic effects of competition on the ability and incentives to … players can result in diseconomies of scale and a less efficient use of resources. We also find evidence that investment …
Persistent link: https://www.econbiz.de/10014079683
This paper looks at whether the standard unilateral effects model can be applied to non-price competition parameters … such as innovation. This question arises because competition authorities are intervening in horizontal mergers that are … found to give rise to a “significant impediment to effective innovation competition” (“SIEIC”) as a result of a reduction in …
Persistent link: https://www.econbiz.de/10012852989
competition. The European Commission, in trying to improve the wholesale roaming market, caused the introduction of a system of … non-discriminatory prices that were not subject to competition but instead to low levels of price transparency and with … partners, demonstrating little evidence of competition. Analyses of the wholesale markets by national regulators revealed …
Persistent link: https://www.econbiz.de/10013094663
Common ownership fundamentally upsets the well-settled merger enforcement ecosystem. Not only it challenges basic principles informing merger policy such as the presumed profitability of mergers for the merging firms and the merger-specificity of potential efficiencies but also it works against...
Persistent link: https://www.econbiz.de/10013234688
order the breaking up of large firms if this is deemed necessary to remedy adverse effects on competition even if they were … the Commission's jurisdiction under the European Merger Regulation and contravene the European competition law order as …
Persistent link: https://www.econbiz.de/10013018589
Persistent link: https://www.econbiz.de/10014573795
Network sharing agreements have become increasingly widespread in mobile telecommunications markets. They carry undeniable advantages to operators and consumers alike, but also the potential for consumer harm. We emphasize that not all NSAs are created equal: the assessment of harms and...
Persistent link: https://www.econbiz.de/10012012495
subsidies complied with EU state aid rules, both in terms of effectiveness and competition. …
Persistent link: https://www.econbiz.de/10012433753
We investigate the trade-off between financial stability and competition policy by focusing on the merger of ABN AMRO … products using a random-coefficients logit model. On the supply side we assume Bertrand Nash competition in a multiproduct …
Persistent link: https://www.econbiz.de/10012268034