This study has been commissioned by the Competition Directorate- General of the European Commission (from hereon DG Competition) to develop “a detailed methodological approach for the ex-post review of European Commission decisions in the field of merger control, namely for assessing the...

In jüngster Zeit hat der Europäische Gerichtshof in mehreren Urteilen Fusionsverbote der Europäischen Kommission aufgehoben. Mit dem Entwurf einer Reform der Fusionskontrolle vom 11. Dezember 2002 will die EU-Kommission die Rechtssicherheit in diesem Bereich erhöhen. Wo liegen die Stärken...

Using a sample of 96 mergers notified to the EU Commission and logit regression techniques, we analyse the Commission's decision process. We find that the probability of a phase 2 investigation and of a prohibition of the merger increases with the parties' market shares. The probability...

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...

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 when the prey's assets exert strong negative...

Medienvielfalt im Bereich der Printmedien kommt über privatwirtschaftliche Verlagsunternehmen zustande. Der Aufsatz kritisiert Bestrebungen, die Bestimmungen über die Fusionskontrolle (§ 36 GWB) und das Kartellverbot (§§ 1, 2 GWB) zugunsten der Presseunternehmen aufzulockern, und rät zu...