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Natural experiments may serve as a test of an economic theory that purports to evaluate the competitive effects of a … proposed transaction and therefore play an important role in merger analysis. Using aggregate reviews of Federal Trade … Commission merger studies, it is possible to identify a number of quantitative and qualitative experiments supportive of …
Persistent link: https://www.econbiz.de/10013092895
Cognitive biases play a fundamental part in franchisor-franchisee deal making. Ordinarily, franchisors have more power and information than do franchisees. The disparity between these parties is often exacerbated by the franchisees' psychological dispositions. Are franchisees biased or...
Persistent link: https://www.econbiz.de/10012865812
Courts are rarely asked to judge beauty. Such a subjective practice would normally be anathema to the ideal of objective legal standards. However, one area of federal law has a long tradition of explicitly requiring courts to make aesthetic decisions: the law of design. New designs may be...
Persistent link: https://www.econbiz.de/10014165060
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This paper presents results from a laboratory experiment on the channels through which different law enforcement strategies deter cartel formation. With leniency policies offering immunity to the first reporting party a high fine is the main determinant of deterrence, having a strong effect even...
Persistent link: https://www.econbiz.de/10013050458
The 2010 Department of Justice and Federal Trade Commission Horizontal Merger Guidelines lay out a new standard for … cases in which the GUPPI would imply increased regulatory scrutiny of a proposed merger …
Persistent link: https://www.econbiz.de/10013071901
The 2010 Department of Justice and Federal Trade Commission Horizontal Merger Guidelines lay out a new standard for … cases in which the GUPPI would imply increased regulatory scrutiny of a proposed merger …
Persistent link: https://www.econbiz.de/10012458959
Both in the US and in Europe, antitrust authorities prohibit merger not only if the merged entity, in and of itself, is … no longer sufficiently controlled by competition. The authorities also intervene if, post merger, the market structure …
Persistent link: https://www.econbiz.de/10013027879
Both in the US and in Europe, antitrust authorities prohibit merger not only if the merged entity, in and of itself, is … no longer sufficiently controlled by competition. The authorities also intervene if, post merger, the market structure …
Persistent link: https://www.econbiz.de/10010483415