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We analyze evidence production in merger control as a delegation problem in an inquisitorial competition policy system. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its action set. Allowing for a compromising remedy solution...
Persistent link: https://www.econbiz.de/10012438354
In 2008, the European Commission investigated E.ON, a large and vertically integrated electricity company, for the alleged abuse of a joint dominant position by strategically withholding generation capacity. The case was settled after E.ON agreed to divest 5,000 MW generation capacity as well as...
Persistent link: https://www.econbiz.de/10011735927
This paper analyses all final merger decisions by the European Commission from the beginning of 1990 up to the end of 2019. We use a novel dataset, containing information about 6245 merger cases from all economic sectors and combining all sorts of decisions, inclusive of withdrawn and prohibited...
Persistent link: https://www.econbiz.de/10013380857
Persistent link: https://www.econbiz.de/10013427052
In 2008, the European Commission investigated E.ON, a large and vertically integrated electricity company, for the alleged abuse of a joint dominant position by strategically withholding generation capacity. The case was settled after E.ON agreed to divest 5,000 MW generation capacity as well as...
Persistent link: https://www.econbiz.de/10011722703
Persistent link: https://www.econbiz.de/10010237296
Persistent link: https://www.econbiz.de/10010241563
The notion of bounded rationality has received a considerable attention in the midst of debate over the usefulness of various macroeconomic models. In this paper we empirically seek to analyze the baseline New-Keynesian model with heterogeneous agents who may adopt various heuristics used to...
Persistent link: https://www.econbiz.de/10011635481
heterogeneous agents who may adopt various forecast heuristics. We seek to understand which framework mimics real-world adjustments …
Persistent link: https://www.econbiz.de/10011942439
Persistent link: https://www.econbiz.de/10015078773