Showing 1 - 10 of 2,144
Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger policy effectiveness, which is based on standard...
Persistent link: https://www.econbiz.de/10008822615
Using a sample of 167 mergers during the period 1990-2002 involving 544 firms either as merging firms or competitors, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find positive and significant correlations between them when...
Persistent link: https://www.econbiz.de/10010365892
Persistent link: https://www.econbiz.de/10003837665
Persistent link: https://www.econbiz.de/10003436060
Persistent link: https://www.econbiz.de/10008699889
This paper considers the empirical assessment of the relationship between prices and number of firms in local markets in geographic or, more generally, characteristic space and its use as evidence in merger cases. It outlines a structural, semi-nonparametric econometric model of competition in...
Persistent link: https://www.econbiz.de/10003963244
Persistent link: https://www.econbiz.de/10009009944
We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock market reactions. We focus on four different dimensions of effectiveness: 1) legal certainty, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We apply...
Persistent link: https://www.econbiz.de/10009551410
Persistent link: https://www.econbiz.de/10009528803
erforscht. Zuerst wird ein allgemeiner Ansatz vorgeschlagen, um die Effektivität der Fusionskontrolle zu evaluieren, welcher auf …. Vier unterschiedliche Aspekte der Effektivität der Fusionskontrolle werden dann untersucht: 1) die Rechtssicherheit, 2) die … mäßigen Verbesserung der Europäischen Fusionskontrolle geführt hat. …
Persistent link: https://www.econbiz.de/10009408081