Showing 1 - 10 of 17,664
In merger analysis and other antitrust settings, risk is often cited as a potential barrier to entry. But there is …
Persistent link: https://www.econbiz.de/10003948288
exact amount of cost efficiency/inefficiency that will result from the merger. Nevertheless, the key element of the model is … always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante … merger between leaders always enhances welfare if participants have incentives to merge, such that private and collective …
Persistent link: https://www.econbiz.de/10010362519
when taking merger decisions. In practice, firms and competition authorities cannot know exact future efficiency gains …, prior to merger consummation. This paper analyzes horizontal mergers when the output decision-making process is sequential … of "Merger Approval", the paper emphasizes the timing of regulatory intervention and distinguishes two different merger …
Persistent link: https://www.econbiz.de/10010221710
cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit … is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market …
Persistent link: https://www.econbiz.de/10008822475
Persistent link: https://www.econbiz.de/10003820980
Persistent link: https://www.econbiz.de/10012286513
Persistent link: https://www.econbiz.de/10011904392
Persistent link: https://www.econbiz.de/10011731356
Since the introduction of a formal commitments procedure in EU antitrust policy (Article 9 of Council Regulation 1/2003), the European Commission has extensively settled cases of alleged anticompetitive practices. In this paper, we use a formal model of law enforcement (Bebchuk, 1984; Shavell, 1988)...
Persistent link: https://www.econbiz.de/10012856496
regulatory exemptions, deals that fall below a size threshold escape formal antitrust scrutiny at the time of the merger. These … the voluntary disclosure can invite, which increases the probability of agencies challenging the merger. Exploiting two …
Persistent link: https://www.econbiz.de/10014256639