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An empirical assessment of the 2004 EU merger policy reform
Duso, Tomaso; Gugler, Klaus; Szücs, Florian - 2012
We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock market reactions. We focus on four different dimensions of effectiveness: 1) legal certainty, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We apply...
Persistent link: https://www.econbiz.de/10010309223
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An empirical assessment of the 2004 EU merger policy reform
Duso, Tomaso; Gugler, Klaus; Szücs, Florian - 2010
Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger policy effectiveness, which is based on standard...
Persistent link: https://www.econbiz.de/10008822615
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An empirical assessment of the 2004 EU merger policy reform
Duso, Tomaso; Gugler, Klaus; Szücs, Florian - 2012
We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock market reactions. We focus on four different dimensions of effectiveness: 1) legal certainty, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We apply...
Persistent link: https://www.econbiz.de/10009551410
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An empirical assessment of the 2004 EU merger policy reform
Duso, Tomaso; Gugler, Klaus; Szücs, Florian - 2010
Basierend auf einer Stichprobe von 326 Fusionsfällen, welche der Europäischen Kommission zwischen Januar 1990 und … der Oligopoltheorie beruht und Fusionen und Fusionskontrollentscheidungen anhand der Reaktionen von Aktienmärkten bewertet … Häufigkeit und Determinanten von Entscheidungsfehlern erster und zweier Ordnung seitens der Kommission, 3) die effektive …
Persistent link: https://www.econbiz.de/10009408081
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An empirical assessment of the 2004 EU merger policy reform
Duso, Tomaso; Gugler, Klaus; Szücs, Florian - In: The economic journal : the journal of the Royal … 123 (2013) 572, pp. 596-619
Persistent link: https://www.econbiz.de/10010338242
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An empirical assessment of the 2004 EU merger policy reform
Duso, Tomaso; Gugler, Klaus; Szücs, Florian - 2010
Persistent link: https://www.econbiz.de/10008933717
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Merger externalities in oligopolistic markets
Gugler, Klaus; Szücs, Florian - In: International journal of industrial organization 47 (2016), pp. 230-254
Persistent link: https://www.econbiz.de/10011653830
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An Empirical Assessment of the 2004 EU Merger Policy Reform
Duso, Tomaso; Guglery, Klaus; Szücs, Florian - 2010
Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the economic impact of the change in European merger legislation in 2004. We ?rst propose a general framework to assess merger policy effectiveness, which is based on standard...
Persistent link: https://www.econbiz.de/10010334119
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Market power and heterogeneous pass-through in German electricity retail
Duso, Tomaso; Szücs, Florian - 2016
We analyze the pass-through of cost changes to retail tariffs in the German electricity market over the 2007 to 2014 period. We find an average pass-through rate of around 60%, which significantly varies with demand factors: while the pass-through rate to baseline tariffs, where firms have...
Persistent link: https://www.econbiz.de/10011553026
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The Impact of Competition Policy Enforcement on the Functioning of EU Energy Markets
Duso, Tomaso - 2017
We investigate the impact of competition policy enforcement on the functioning of European energy markets, and how sectoral regulation influences these outcomes. For this purpose, we compile a new dataset on the European Commission's (EC) and EU member states' competition policy decisions, and...
Persistent link: https://www.econbiz.de/10012951774