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merger control, the debate focuses on the possible impact of mergers on classic R&D and whether turnover-based jurisdictional … innovation in merger control assessments. In particular, imposing structural or long-term remedies in fast-evolving markets where … discusses the impact of disruptive innovation on European merger control processes and the need to adapt the regulators’ tools …
Persistent link: https://www.econbiz.de/10013229483
In an environment that features second-degree price discrimination, this paper fully characterizes the set of surplus divisions that can arise from all possible information consumers have about their valuation. By extending the techniques developed in a companion paper (Yang, 2019a), I show that...
Persistent link: https://www.econbiz.de/10012894284
I study the predictability of the EC's merger decision procedure before and after the 2004 merger policy reform based … concerns in markets affected by a merger, I find that the predictive performance of the random forests is much better than the … concerns. Secondly, postreform, DG Comp seems to base its assessment on a more complex interaction of merger and market …
Persistent link: https://www.econbiz.de/10012871551
This paper discusses the question whether self-learning price-setting algorithms are able to coordinate their pricing behaviour to achieve a collusive outcome that maximizes the joint profits of the firms using these algorithms. While the legal literature generally assumes that algorithmic...
Persistent link: https://www.econbiz.de/10012912903
direct test of the optimal deterrence theory of antitrust crimes.Regressions are fitted to a sample of the corporations that … collusion. However, U.S. fines do not conform to the theory's predictions about the probability of detection and conviction of …
Persistent link: https://www.econbiz.de/10012979998
This article distills insights about cartel formation from 41 cases prosecuted by the European Commission between 2001 and 2010. The case studies examine the events occurring in the industries prior to the cartels' set-up and identify the following potential causes for cartel formation: Changes...
Persistent link: https://www.econbiz.de/10012997727
I study the predictability of the EC’s merger decision procedure before and after the 2004 merger policy reform based … concerns in markets affected by a merger, I find that the predictive performance of the random forests is much better than the … concerns. Secondly, postreform, DG Comp seems to base its assessment on a more complex interaction of merger and market …
Persistent link: https://www.econbiz.de/10011995257
I study the predictability of the EC’s merger decision procedure before and after the 2004 merger policy reform based … concerns in markets affected by a merger, I find that the predictive performance of the random forests is much better than the … concerns. Secondly, post-reform, DG Comp seems to base its assessment on a more complex interaction of merger and market …
Persistent link: https://www.econbiz.de/10014106689