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Modern industrial economics and competition policy : open problems and possible limits
Budzinski, Oliver - 2009
Naturally, competition policy is based on competition economics made applicable in terms of law and its enforcement. Within the different branches of competition economics, modern industrial economics, or more precisely gametheoretic oligopoly theory, has become the dominating paradigm both in...
Persistent link: https://www.econbiz.de/10003860122
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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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Innovation Markets, Future Markets, or Potential Competition : How Should Competition Authorities Account for Innovation Competition in Merger Reviews?
Kern, Benjamin R. - 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/10014149809
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An Economic Perspective on the Jurisdictional Reform of the European Merger Control System
Budzinski, Oliver - 2006
The jurisdictional elements of the comprehensive 2004 reform of EU merger control are worth being analysed against the background of economic theory. Competence allocation and delimitation represent important factors for the workability of multilevel merger control regimes. The economics of...
Persistent link: https://www.econbiz.de/10014060566
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Chapter 15 Antitrust
Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007
policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …
Persistent link: https://www.econbiz.de/10014023495
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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
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The Empirical Basis for Antitrust : Cartels, Mergers, and Remedies
Langenfeld, James - 2017
There have been a number of studies attempting to quantify the impact of cartels and mergers on prices. The state of the art of empirical analysis related to antitrust is best illustrated by the research of John Connor and John Kwoka. Connor summarizes the existing empirical research that...
Persistent link: https://www.econbiz.de/10012944581
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Comment on ‘The Empirical Basis for Antitrust : Cartels, Mergers, and Remedies’
Connor, John M. - 2017
In this journal, James Langenfeld critically reviewed four of the present authors' articles that analyze the size of cartel overcharges and their antitrust policy implications. In this comment, we explain why we believe Langenfeld errs in his criticism of our work. In particular, this comment...
Persistent link: https://www.econbiz.de/10012947484
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Alive and Kicking : Collusion Theories in Merger Analysis at the Federal Trade Commission
Coate, Malcolm B. - 2008
This paper explores the use of collusion theories in merger analysis at the Federal Trade Commission. The 1992 Merger … Guidelines focuses on unilateral effect, relegating collusion analysis to a second tier theory. Both structural and behavioral … found to increase the likelihood of a collusion finding. Standard structural concerns are readily identified, while …
Persistent link: https://www.econbiz.de/10014222696
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Modern industrial economics and competition policy: Open problems and possible limits
Budzinski, Oliver - 2009
Naturally, competition policy is based on competition economics made applicable in terms of law and its enforcement. Within the different branches of competition economics, modern industrial economics, or more precisely gametheoretic oligopoly theory, has become the dominating paradigm both in...
Persistent link: https://www.econbiz.de/10010321698