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Theoretically, cross ownership may mitigate mergers, i.e. market concentrations. Holding a share in a competing firm before the acquisition of another firm, outsider-toehold, is more profitable in some market constellations, due to the positive externality on the outsider (competing) firm when a...
Persistent link: https://www.econbiz.de/10010320168
There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited. Event studies have been used as one method to acquire empirical insights into the competitive effects of mergers. However, existing work suffers from strong identifying...
Persistent link: https://www.econbiz.de/10012161053
We study cartels that operated in the US generic drug industry, leveraging quarterly Medicaid data from 2011-2018 and a difference-in-differences approach comparing the evolution of prices of allegedly collusive drugs with a group of competitive control drugs. Our analysis highlights (i) the...
Persistent link: https://www.econbiz.de/10012670921
This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone benefits of staying employed until the planned retirement...
Persistent link: https://www.econbiz.de/10010280635
? (iii) What are implications for antitrust policy? We conclude from our analysis that in the already highly horizontally …
Persistent link: https://www.econbiz.de/10012011207
-in position without any antitrust intervention. However, I argue in accordance with opponents of ARTHUR's work that path … interpretations of the U.S. antitrust law don't meet the requirements of fair competition rules in the 'New Economy'. If plaintiffs … and market participants, further antitrust lawsuits are going to follow since most markets in the 'New Economy' are …
Persistent link: https://www.econbiz.de/10003958724
In this empirical study all mergers that have been challenged by the U.S. antitrust agencies FTC and DOJ between 1995 …-spread rejection of the "innovation market approach" in the antitrust debate - the agencies used more an innovationspecific assessment …
Persistent link: https://www.econbiz.de/10010404134
As the information age progresses, the need for cheap, easy Internet access increases if we want citizens to be able to participate in the global economy. In both the United States and the European Union, cities have taken the lead in attempting to provide Internet access via wireless Internet...
Persistent link: https://www.econbiz.de/10014207707
the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic … calls for dramatic changes in antitrust policy …
Persistent link: https://www.econbiz.de/10012829706
attempt by the NCAA and 11 conferences to dismiss claims that defendants violated antitrust law by “conspiring to impose an …
Persistent link: https://www.econbiz.de/10012918266