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We argue that mergers among market laggards (new entrants or innovation challengers) should be treated differently than those involving leaders (established players or first-mover innovators). We show that these mergers can be rivalry-enhancing, either by accelerating entry or promoting...
Persistent link: https://www.econbiz.de/10014349375
This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition...
Persistent link: https://www.econbiz.de/10012138666
Managers are increasingly uncertain over the source (home-nation or foreign-nation) of antitrust holdup for domestic mergers with significant international implications. I propose a conceptual framework that predicts the source of antitrust holdup for domestic mergers. Under idealized...
Persistent link: https://www.econbiz.de/10014029167
experimental literature we find evidence that tipping is motivated by reciprocity, but also by reputation concerns among frequent … users with an established reputation for non-tipping tend to get low effort answers. In addition, we analyse how tipping is … imitator types. -- social preferences ; reciprocity ; moral hazard ; reputation ; Internet ; psychological game theory …
Persistent link: https://www.econbiz.de/10003833189
emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … that would help prevent potential crises. We provide evidence of the relevance of this reputation mechanism. …
Persistent link: https://www.econbiz.de/10010398976
emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … that would help prevent potential crises. We provide evidence of the relevance of this reputation mechanism …
Persistent link: https://www.econbiz.de/10013050233
emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … that would help prevent potential crises. We provide evidence of the relevance of this reputation mechanism …
Persistent link: https://www.econbiz.de/10013047326
. However, this result appears to be biased due to peso problems. -- Oil price ; survey data ; forecast bias ; peso problem …
Persistent link: https://www.econbiz.de/10003908342
The paper explores what macroeconomic factors can tell us about the effectiveness of recently enacted national competition laws. Qualitative evidence suggests that numerous countries fall short in implementing competition law. Furthermore, there seems to be significant differences between...
Persistent link: https://www.econbiz.de/10003482500
Lead jurisdiction models represent one option how to extend and enhance contemporary interagency cooperation among competition policy regimes. They constitute a multilateral, case-related form of cooperation that is suited to effectively create a one-stop-shop for the prosecution of...
Persistent link: https://www.econbiz.de/10010366940