their tendency to raise prices. Yet efficiencies are said to be rarely decisive in actual merger decision-making. Moreover …, the economic analysis of merger efficiencies lags far behind that of anticompetitive effects. This article addresses this … analytical gap, drawing attention to the merger specificity of both efficiencies and anticompetitive effects, the teachings of …

restrictions. This calls for a "financial" efficiency defense in the merger law. We also show that cross-border M&As are not only …

-competitive effects that may result from mergers and acquisitions. In order to appropriately consider efficiency claims in the merger … efficiency gains in merger analysis …. Consequently, many antitrust agencies take into account the balancing effects of efficiency gains compared to anti …

ermöglicht. Das Erklärungs-modell strukturiert gängige, öko-nomische Ansätze danach, ob diese erstens die Effizienz oder die …

This Article draws lessons about the theory of law and economics from the recent financial crisis. It argues that the … financial crisis teaches us that allocative efficiency, the main goal of law and microeconomics, proves an unattainable and …