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This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … investigated mergers and whether a more effective merger control regime can be achieved within the current legal framework. … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions …
Persistent link: https://www.econbiz.de/10012137099
these multi-sided companies along with each company’s most important market segments. We then track their mergers and …
Persistent link: https://www.econbiz.de/10012154717
traditional merger policy tools. This paper examines the acquisition strategies of the five major U.S. platforms—Google, Amazon … these operate differently than in the past. To address merger and acquisition concerns of multi-sided platforms, we develop …Should internet era merger policy differ from industrial era merger policy? Platform ecosystems rely on economies of …
Persistent link: https://www.econbiz.de/10013242012
We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by … 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging …
Persistent link: https://www.econbiz.de/10011518760
This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … investigated mergers and whether a more effective merger control regime can be achieved within the current legal framework. … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions …
Persistent link: https://www.econbiz.de/10012179784
In this paper, we analyse the final decisions for merger cases prepared by the European Commission (EC) since 1990 and … build a unique subsample for all non-cleared cases. These incorporate all merger notifications which were either withdrawn …
Persistent link: https://www.econbiz.de/10012304413
.S. mergers between 1997 and 2017. I document that following a merger announcement, the most likely competitors experience on …There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited …. Event studies have been used as one method to acquire empirical insights into the competitive effects of mergers. However …
Persistent link: https://www.econbiz.de/10012161053
effects. -- merger simulation ; merger control ; antitrust ; oligopoly theory ; auction models ; mergers & acquisitions … employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is …, nevertheless, still a very young and innovative instrument of antitrust and, therefore, its "technical" potential is far from being …
Persistent link: https://www.econbiz.de/10003864445
effects. -- merger simulation ; merger control ; antitrust ; oligopoly theory ; auction models ; mergers & acquisitions … employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is …, nevertheless, still a very young and innovative instrument of antitrust and, therefore, its ‘technical’ potential is far from being …
Persistent link: https://www.econbiz.de/10003821585
The analysis of unilateral effects in horizontal mergers — especially on markets for differentiated goods — can take … is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the … finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather …
Persistent link: https://www.econbiz.de/10013020744