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Effective European antitrust : does EC merger policy generate deterrence?
Clougherty, Joseph A.; Duso, Tomaso; Lee, Miyu; … - 2015
We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990-2009 period. Our … empirical results suggest that phase-1 remedies uniquely generate robust deterrence as – unlike phase-1 withdrawals, phase-2 … deterrence effects of phase-1 remedies work best in high-concentration industries; i.e., industries where the HHI is above the 0 …
Persistent link: https://www.econbiz.de/10011392122
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Effective European antitrust : does EC merger policy generate deterrence?
Clougherty, Joseph A.; Duso, Tomaso; Lee, Miyu; … - 2016
Persistent link: https://www.econbiz.de/10011878231
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Measuring the deterrence properties of competition policy : the competition policy indexes
Buccirossi, Paolo; Ciari, Lorenzo; Duso, Tomaso; … - 2009
, Competition Policy Indexes, or CPIs. The CPIs measure the deterrence properties of a competition policy in a jurisdiction, where … for competition policy we mean the antitrust legislation, including the merger control provisions, and its enforcement …
Persistent link: https://www.econbiz.de/10003909293
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Price effects of horizontal mergers: a retrospective on retrospectives
Stöhr, Annika - 2021
In this comprehensive review of ex-post merger studies price effects of horizontal transactions are evaluated. By combining and further analyzing the results of 52 retrospective studies on 82 mergers or merger-like transactions it can be shown that the industry alone is no strong indication for...
Persistent link: https://www.econbiz.de/10012652877
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Evidence Production in Merger Control: The Role of Remedies
Dertwinkel-Kalt, Markus; Wey, Christian - In: Review of Industrial Organization 59 (2021) 1, pp. 1-12
. The antitrust agency's incentives to produce evidence on the efficiency of a merger proposal depend critically on its …
Persistent link: https://www.econbiz.de/10014502111
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The impact of merger legislation on bank mergers
Carletti, Elena; Ongena, Steven; Siedlarek, Jan-Peter; … - 2016
We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger profitability of targets, a decrease in the size of acquirers...
Persistent link: https://www.econbiz.de/10011518760
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Evidence production in merger control : the role of remedies
Dertwinkel-Kalt, Markus; Wey, Christian - 2021
. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its …
Persistent link: https://www.econbiz.de/10012438354
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The draft for the 10th amendment of German competition law: towards a new concept of "Outstanding relevance across markets"?
Budzinski, Oliver; Gänßle, Sophia; Stöhr, Annika - 2020
The ministerial proposal for a 10th amendment of the German competition law particularly addresses abuse control and seeks to tighten this pillar of competition policy against the background of the challenges from the digital economy. Next to extending the classic policy instruments of abuse...
Persistent link: https://www.econbiz.de/10012229920
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Merger policy in digital markets : an ex-post assessment
Argentesi, Elena; Buccirossi, Paolo; Calvano, Emilio; … - 2019
This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition...
Persistent link: https://www.econbiz.de/10012138666
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Dynamic competition, exclusionary and exploitative abuses, and article 102 TFEU : towards a concept of systemic market power?
Budzinski, Oliver; Stöhr, Annika - 2024
In this paper, we comment on the debate about guidelines for Art. 102 TFEU in the face of the challenges brought by digital ecosystems and abuse of dominance in related markets. We take the perspective of dynamic competition economics and derive four recommendations for the future enforcement of...
Persistent link: https://www.econbiz.de/10014512364