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This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions … important merger cases, Facebook/Instagram and Google/Waze, providing a systematic assessment of the theories of harm considered …
Persistent link: https://www.econbiz.de/10012137099
The complexity of co-operation in cross-border competition law enforcement increased significantly between 1990 and 2011, underlining the urgency to improve techniques and tools of competition authority co-operation. As international trade has increased, the number of competition law enforcement...
Persistent link: https://www.econbiz.de/10014144808
This Article explores the 2010 merger of United Airlines and Continental Airlines - which usurped Delta's briefly …-held title as the world's largest airline - as well as the failed merger of Greece's two largest airlines, Olympic Air and Aegean … United and Continental merger, explaining pertinent portions of each airline's corporate history over the past 10 years …
Persistent link: https://www.econbiz.de/10013114723
This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions … important merger cases, Facebook/Instagram and Google/Waze, providing a systematic assessment of the theories of harm considered …
Persistent link: https://www.econbiz.de/10012138666
, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find …
Persistent link: https://www.econbiz.de/10010365892
quantify the domestic and cross-border effects of mergers, and to draw conclusions for the coordination of national merger … industries a merger approval policy based on domestic consumer surplus is too restrictive from the viewpoint of the neighboring … country. We also show that adopting a supra-national policy that approves a merger if and only if it increases the sum of …
Persistent link: https://www.econbiz.de/10010341091
Persistent link: https://www.econbiz.de/10012159671
-competitive effects that may result from mergers and acquisitions. In order to appropriately consider efficiency claims in the merger … evaluation, competition authorities generally establish certain criteria. Among the criteria considered, there are merger …-specificity and the productive or allocative nature of claimed (anticipated) efficiencies. The merger-specificity test is often …
Persistent link: https://www.econbiz.de/10014212925
This paper examines the evolution of national competition (antitrust) policies and enforcement approaches vis-à-vis intellectual property rights (IPRs) and associated anti-competitive practices in major jurisdictions over the past several decades. It focuses especially on the underlying process...
Persistent link: https://www.econbiz.de/10011723874
The analysis of the advantages of competition as a process of parallel experimentation is a neglected dimension of competition. Innovation competition as a trial and error-process can be analyzed as an evolutionary process of variation and selection of new problem solutions, which allows to...
Persistent link: https://www.econbiz.de/10014198584