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Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...

Persistent link: https://www.econbiz.de/10014023495

Predation and Mergers: Is Merger Law Counterproductive?

Persson, Lars - 1999

This paper studies the interaction between the incentives for predation and mergers. I show that the incentive for … predation in an oligopoly is limited by the subsequent competition for the prey. This bidding competition is expecially fierce … prey's assets, rather than just its financial viability. The paper also demonstrates that predation may be preferred to an …

Persistent link: https://www.econbiz.de/10010335038

Competition in the German interurban bus industry : a snapshot two years after liberalization

Dürr, Niklas S.; Hüschelrath, Kai - 2015

We study competition in the German interurban bus industry two years after its liberalization in January 2013. In addition to a brief characterization of the liberalization process and several general market developments, we provide a detailed analysis of selected market characteristics such as...

Persistent link: https://www.econbiz.de/10011316405

Happily ever after? - vertical and horizontal mergers in the U.S. media industry

Stöhr, Annika; Noskova, Victoriia; Kunz-Kaltenhäuser, … - 2019

This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine economic effects of these types of mergers on market...

Persistent link: https://www.econbiz.de/10012011207

Horizontal merger analysis

Kaplow, Louis - 2020

Economic analysis of competition regulation is most developed in the domain of horizontal mergers, and modern agency guidelines reflect a substantial consensus on the appropriate template for merger assessment. Nevertheless, official protocols are understood to rest on a problematic market...

Persistent link: https://www.econbiz.de/10012428221

The Auctioning of a Failing Firm

Persson, Lars - 1998

This paper evaluates the welfare consequences of the failing firm doctrine in the EU and US merger laws. I combine an oligopoly model with an 'endogenous valuations' auction model. Thereby, I take into account that, in an oligopoly, a firm's willingness to pay for the assets depends on the...

Persistent link: https://www.econbiz.de/10010334704

Implications of unprofitable horizontal mergers : a positive external effect does not suffice to clear a merger!

Budzinski, Oliver; Kretschmer, Jürgen-Peter - 2009

We demonstrate that the popular Farrell-Shapiro-framework (FSF) for the analysis of mergers in oligopolies relies regarding its policy conclusions sensitively on the assumption that rational agents will only propose privately profitable mergers. If this assumption held, a positive external...

Persistent link: https://www.econbiz.de/10003821593

The duration of the EC merger control process : determinants and the impact of the 2004 merger regulation reform

Heim, Sven; Hüschelrath, Kai; Laitenberger, Ulrich - 2015

The duration of merger proceedings held by competition authorities is an important determinant of the efficiency of the entire merger control process. We use a dataset of 2953 Phase I and 92 Phase II investigations completed by the European Commission (EC) between 1999 and 2008 to examine the...

Persistent link: https://www.econbiz.de/10011316395

Do cartel breakdowns induce mergers? : evidence from EC cartel cases

Hüschelrath, Kai; Smuda, Florian - 2013

We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the average number of all merger transactions increase...

Persistent link: https://www.econbiz.de/10009751721

Innovation markets, future Markets, or potential competition : how should competition authorities account for innovation competition in merger reviews?

Kern, Benjamin - 2014

The relevant competitors in regard to innovation might, but not necessarily do, correspond to the identified competitors on actual product markets. Hence, the conventional analysis of product markets, in order to assess the potential anticompetitive effects of mergers, is insufficient to capture...

Persistent link: https://www.econbiz.de/10010229899

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