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's failure to meet the Court's newly-found higher threshold demonstrating that the merger would lead to 'significant impediment … merger specific efficiencies are also discussed. …
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This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other acquisitions only has a weakly negative innovation...
Persistent link: https://www.econbiz.de/10013330715
Non-controlling minority shareholdings in rivals (NCMS) lower the sustainability of collusion under a wide variety of circumstances. Nevertheless, NCMS are sometimes deemed to facilitate collusion, in particular if the level of NCMS is exogenous. The present paper endogenizes firms' choice of...
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This article analyzes long-term value creation or destruction in mergers and acquisitions in the telecommunications sector. After characterizing the market targeted by the analysis (telecommunications) and discussing and selecting the most suitable long-term methodology, we will make an...
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operator in France and the merger between the third and the fourth mobile operators in Austria. Using a hedonic price model and … price of mobile data services by 4 dollars per Gigabyte; contrary to the merger in the Austrian market which lowers the unit … the static ones in the mobile telecommunications industry. Therefore, a merger from four to three mobile operators may be …
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