Showing 1 - 10 of 44,967
In a tort law regime established on the basis of corrective justice considerations, causation requirements will tend to play a predominant role in regulating the damages claims brought forward. The requirement of the causal link between the harm suffered and the anticompetitive conduct in...
Persistent link: https://www.econbiz.de/10014138101
associated with appraisal litigation, the Article introduces both economic theory and empirical evidence demonstrating that …
Persistent link: https://www.econbiz.de/10012911614
Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...
Persistent link: https://www.econbiz.de/10011557794
This paper lays down the rudiments of a descriptive theory of competition among the digital tech platforms known as … average tendencies of FANGs expose the limitations of the textbook monopoly model (I), proposes an alternative theory of …
Persistent link: https://www.econbiz.de/10014105467
/biased preferences. The interplay between judges' imperfect information and their idiosyncrasies creates enforcement risk. In a financial …
Persistent link: https://www.econbiz.de/10014217292
hypotheses derived from the theory. …
Persistent link: https://www.econbiz.de/10011347317
principals': affecting the principals' efforts in monitoring the agents by making them perceive the risk of fraud as more or less … likely. Due to several cognitive biases discussed in this article, principals misperceive the risk of fraud by their agents … that is itself cyclical and may exacerbate the biased perception of the risk of fraud. Monetary policy is analogous in …
Persistent link: https://www.econbiz.de/10014052348
This paper analyses the profitability of horizontal mergers in a Stackelberg model and their impact on welfare when there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide their production strategy knowing the actual value of...
Persistent link: https://www.econbiz.de/10010362519
Some path-breaking work on mergers takes efficiency gains for granted, or assumes that firms have perfect knowledge when taking merger decisions. In practice, firms and competition authorities cannot know exact future efficiency gains, prior to merger consummation. This paper analyzes horizontal...
Persistent link: https://www.econbiz.de/10010221710
This study examines whether antitrust risk affects firms’ disclosure of mergers and acquisitions (M&As). Due to … quasi-exogenous variations in antitrust enforcement that affect the level of antitrust risk, I find evidence of acquirers … strategically managing their disclosure of horizontal and intrastate deals according to the level of antitrust risk. My findings …
Persistent link: https://www.econbiz.de/10014256639