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We evaluate the economic impact of the change in European merger legislation in 2004 and propose a general framework focusing on four different policy dimensions: 1) predictability, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We find that after the reform the...
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The strategic management literature has found it difficult to differentiate between collusive and efficiency-based synergies in horizontal merger activity. We propose a schematic to classify mergers that yields more information on merger types and merger effects, and that can, moreover,...
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theory and empirical knowledge, we conclude that competition agencies and courts have appropriately refrained from …The static model of competition, which dominates modern antitrust analysis, has served antitrust law well. Nonetheless … undertaken today will have upon future market conditions. An increased focus upon dynamic competition surely has the potential to …
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general competition law, especially concerning energy markets and the road to Internal Market objective.We firstly present … relation between sector regulation and competition law. Our intention is to offer a basis for comparison and counterarguments … of view of European Competition Authorities and ECJ. Concerning Essential Facilities Doctrine, we show how a similar to …
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