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A general theoretical and empirical framework is developed for assessing the potential of a vertically integrated firm to foreclose downstream competitors. Using this framework a policymaker may also evaluate the empirical welfare effects from a vertically integrated firm raising rivals' costs....
Persistent link: https://www.econbiz.de/10010391562
The analysis of unilateral effects in horizontal mergers — especially on markets for differentiated goods — can take into consideration the extent to which the merging firms are close competitors. The elimination of a close competitor can result in an upward pricing pressure (UPP) on the...
Persistent link: https://www.econbiz.de/10013020744
Mergers involving nascent competition are a hot topic in antitrust circles, especially in light of the pending FTC case …
Persistent link: https://www.econbiz.de/10013307744
This paper looks at whether the standard unilateral effects model can be applied to non-price competition parameters such as innovation. This question arises because competition authorities are intervening in horizontal mergers that are found to give rise to a “significant impediment to...
Persistent link: https://www.econbiz.de/10012852989
I study the predictability of the EC’s merger decision procedure before and after the 2004 merger policy reform based on a dataset covering all affected markets of mergers with an official decision documented by DG Comp between 1990 and 2014. Using the highly flexible, non-parametric random...
Persistent link: https://www.econbiz.de/10011995257
, which had never before been the subject of antitrust enforcement. The second, Lundbeck/Merck, involved a conglomerate … transaction, which the courts and agencies had not found objectionable under the antitrust laws in decades. These cases … demonstrate that the antitrust agencies are open to novel approaches for analyzing transactions that are believed to present a …
Persistent link: https://www.econbiz.de/10013110965
ein ministererlaubtes Kartell häufig weniger starke negative Wettbewerbswirkungen hätte, als eine irreversible Fusion. Aus …
Persistent link: https://www.econbiz.de/10012261718
Sektoruntersuchungen, sowie die Fusionskontrolle nicht-horizontaler Zusammenschlüsse. … the antitrust discourse. The current competition and antitrust policy topics that are addressed include the as …-efficient-competitor-test in abuse control, the regulation of systemic market power in digital ecosystems, antitrust interventions based on …
Persistent link: https://www.econbiz.de/10014538807
In this paper, we comment on the debate about guidelines for Art. 102 TFEU in the face of the challenges brought by digital ecosystems and abuse of dominance in related markets. We take the perspective of dynamic competition economics and derive four recommendations for the future enforcement of...
Persistent link: https://www.econbiz.de/10014512364
impossible to use these remedies as the basis for a competitively desirable relief. Thus, the antitrust authorities should make … at most only a limited use of these remedies and should continue to prefer divestiture. Moreover, the U.S. antitrust …
Persistent link: https://www.econbiz.de/10013074794