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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
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
policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …
Persistent link: https://www.econbiz.de/10014023495
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
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
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
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
The prohibition of certain types of anticompetitive unilateral conduct by firms possessing a substantial degree of market power is a cornerstone of competition law regimes worldwide. Yet notwithstanding the social costs of monopoly modern legal regimes refrain from prohibiting it outright....
Persistent link: https://www.econbiz.de/10014045843
A merger between two innovation competitors is often suspected to reduce the variety of heterogeneous entities which are currently undertaking R&D or which are well situated to undertake R&D in a certain field. The consequential reduction of "diversity" can be detrimental to innovation because...
Persistent link: https://www.econbiz.de/10010226326
This article finds that non-controlling minority shareholdings among competitors lower the sustainability of collusion …. This is the case under an even greater variety of situations than was indicated by earlier literature. The collusion …
Persistent link: https://www.econbiz.de/10011524013