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. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the …
Persistent link: https://www.econbiz.de/10009788178
Persistent link: https://www.econbiz.de/10010504784
Standard analysis of mergers in oligopolies along the lines of the popular Farrell-Shapiro Framework (FSF) relies, regarding its policy conclusions, on the assumption that rational agents will only propose privately profitable mergers. If this assumption were held, a positive external effect of...
Persistent link: https://www.econbiz.de/10011452858
? (iii) What are implications for antitrust policy? We conclude from our analysis that in the already highly horizontally …
Persistent link: https://www.econbiz.de/10012011207
Standard analysis of mergers in oligopolies along the lines of the popular Farrell-Shapiro-Framework (FSF) 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/10011492104
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
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …
Persistent link: https://www.econbiz.de/10014023495
We analyze the welfare effects of structural remedies on merger activity in a Cournot oligopoly if the antitrust agency …
Persistent link: https://www.econbiz.de/10010533038
We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the antitrust agency …
Persistent link: https://www.econbiz.de/10010340565
We study the incentives towards horizontal merger among firms when the amount of capital is the strategic variable. The type of firms we focus on is workers' cooperatives, but our conclusions apply also to employment-constrained profit maximisers. Within a simple oligopoly model, we prove that...
Persistent link: https://www.econbiz.de/10011729071