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The Impact of European Antitrust Policy : Evidence from the Stock Market
Günster, Andrea; Van Dijk, Mathijs A. - 2011
We evaluate the impact of European antitrust policy by analyzing the stock market response to investigation announcements, infringement decisions, and appeals. We examine a sample of 253 companies involved in 118 European antitrust cases over the period 1974-2004. We uncover significantly...
Persistent link: https://www.econbiz.de/10014195619
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Resolving Reverse-Payment Settlements with the Smoking Gun of Stock Price Movements
McGuire, Thomas G. - 2016
The Supreme Court recently held that in reverse-payment settlements of drug patent disputes, anticompetitive effects can be inferred if the reverse payment exceeds the patent holder's anticipated litigation costs, absent some offsetting justification. Application of this standard is problematic...
Persistent link: https://www.econbiz.de/10013004927
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The competitive stock market as cartel maker : some examples
Rubinstein, Ariel; Yaari, Menahem E. - 1983
Persistent link: https://www.econbiz.de/10002720167
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Duopoly Dynamics With a Barrier to Entry
Abbring, Jaap H.; Campbell, Jeffrey R. - 2007
This paper considers the effects of raising the cost of entry for a potential competitor on infinite-horizon Markov-perfect duopoly dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids future fixed costs. We focus on the unique...
Persistent link: https://www.econbiz.de/10014050823
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The impact of European antitrust policy : evidence from the stock market
Günster, Andrea; Dijk, Mathijs van - In: International review of law and economics 46 (2016), pp. 20-33
Persistent link: https://www.econbiz.de/10011625303
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Does Antitrust Enforcement in High Tech Markets Benefit Consumers? Stock Price Evidence from FTC v. Intel
Wright, Joshua D. - 2012
approach, the available data do not support the theory that Intel’s behavior harmed consumers …
Persistent link: https://www.econbiz.de/10014187100
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Seasonal Price Effects of Mergers
Guler, Ali Umut - 2022
This study shows that mergers’ price effects can vary seasonally. I document countercyclical price increases due to the Coors and Miller merger, which is consistent with models of coordinated pricing that predict lower equilibrium prices during high-demand states
Persistent link: https://www.econbiz.de/10014235492
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Equity Prices and Cartel Activity
Richards, Dan - 2017
We use a new data set to examine the equity price impact of announced cartel investigations. Unlike prior research, we … estimate normal returns using the Fama-French (1993) three-factor model. We find that cartel investigation announcements have a … loss is notably less than the estimated present value of profits lost due to cartel termination, implying that cartel …
Persistent link: https://www.econbiz.de/10012970852
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The Anticompetitiveness of Sharing Prices
Harrington Jr, Joseph E. - 2020
prices leads to higher prices. Based on this theory of harm, it is argued that there should be a per se prohibition on …
Persistent link: https://www.econbiz.de/10012831930
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Insider trading, large horizontal mergers and antitrust policy : a test of the competitive efficiency hypothesis
Tatem, Lewis J. - 1990
Persistent link: https://www.econbiz.de/10000841687