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scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10012421242
scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10012426540
to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the … current EU merger control regime) invites sneaky takeovers: Acquiring firms strategically use PPOs prior to a full merger …
Persistent link: https://www.econbiz.de/10009788178
following a merger. No merger should be unconditionally cleared if it involves a large amount of users' data. The chapter …
Persistent link: https://www.econbiz.de/10012852029
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 … think about the optimal design of the merger control system and various consequences of certain policy choices and …
Persistent link: https://www.econbiz.de/10014235831
There are legal grounds to hear competitors in merger control proceedings, and competitor involvement has gained … in EU merger cases and give an overview of the legal discussion in the EU and US. …
Persistent link: https://www.econbiz.de/10010492989
We analyze evidence production in merger control as a delegation problem in an inquisitorial competition policy system …. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its … implemented only after evidence on the efficiency of a merger proposal has been produced. …
Persistent link: https://www.econbiz.de/10012438354
reactions around the day of the merger's announcement provide information on the first question, whereas the stock market … hypotheses on the effects that remedies are supposed to achieve depending on the merger's competitive outcome. We isolate several … merging firms' bargaining power during the second phase of the merger review. …
Persistent link: https://www.econbiz.de/10010366535
that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax. …
Persistent link: https://www.econbiz.de/10012668490
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 …
Persistent link: https://www.econbiz.de/10011392122