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scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10012426540
scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10012421242
to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the … current EU merger control regime) invites sneaky takeovers: Acquiring firms strategically use PPOs prior to a full merger …
Persistent link: https://www.econbiz.de/10009788178
Efficiency defence and merger remedies are key components in most merger control regimes. Although in many … firms face in merger litigation where they are allowed to choose what combination of efficiency claims and settlement offers … to make. The main novelty of this work is the use of data from company reports on the merger-generated synergy …
Persistent link: https://www.econbiz.de/10013087205
. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from … takeover is hostile. …
Persistent link: https://www.econbiz.de/10010343946
is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the … finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather …
Persistent link: https://www.econbiz.de/10013020744
attack mergers raises the question of whether merger enforcement has been ineffective. But there is another explanation. The … developed when it comes to mergers involving nascent competitors. Merger analysis under Hart-Scott-Rodino is a predictive … been anticompetitive and cemented dominance. The forthcoming revisions to the merger guidelines hopefully will address some …
Persistent link: https://www.econbiz.de/10014359055
We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel …
Persistent link: https://www.econbiz.de/10013080622
that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax. …
Persistent link: https://www.econbiz.de/10012668490
We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel …
Persistent link: https://www.econbiz.de/10009751721