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The paper will attempt to describe and critically analyse efficiencies' regulation in horizontal merger control at both …
Persistent link: https://www.econbiz.de/10013131618
We analyze the efficiency defense in merger control. First, we show that the relationship between exogenous efficiency … Mergers ; Efficiency Defense ; Merger Specific Efficiencies … find that merger proposals are largely aligned with a proper social welfare analysis which explicitly considers the without …
Persistent link: https://www.econbiz.de/10009572245
of the efficiencies relevant to a potentially problematic merger. Although numerous articles address efficiencies from a … their efficiency presentations. A range of options for addressing the cognizability of efficiencies (focused on validity …, verification, and merger specificity) and the balancing of anticompetitive effects with efficiencies are considered. Although the …
Persistent link: https://www.econbiz.de/10013405863
. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from …
Persistent link: https://www.econbiz.de/10010343946
We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … and decreases wholesale prices when downstream competition is not too strong. Examining whether the merger's potential …
Persistent link: https://www.econbiz.de/10003872430
Persistent link: https://www.econbiz.de/10011327610
actually reduce consumer surplus which opposes the use of an efficiency defense in merger control. …
Persistent link: https://www.econbiz.de/10010360044
Persistent link: https://www.econbiz.de/10010470539
either merge with a similar component producer (horizontal merger) or a complementary one (vertical merger) of a composite …, higher marginal cost savings are required for a horizontal merger in a composite industry not to result in a price increase …
Persistent link: https://www.econbiz.de/10010503326
We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … and decreases wholesale prices when downstream competition is not too strong. Examining whether the merger’s potential …
Persistent link: https://www.econbiz.de/10010484491