Showing 1 - 10 of 138,639
In this comprehensive review of ex-post merger studies price effects of horizontal transactions are evaluated. By … combining and further analyzing the results of 52 retrospective studies on 82 mergers or merger-like transactions it can be … shown that the industry alone is no strong indication for the direction of price-related merger effects. However, the "size …
Persistent link: https://www.econbiz.de/10012652877
procedures for merger control. We describe the main constituencies (both internal and external) involved in merger control in … both jurisdictions and discuss how a typical merger case would be handled under these procedures. At each stage, we … informal, the balance in the investigation and evaluation of the merger being provided by the credible threat of a court …
Persistent link: https://www.econbiz.de/10010238374
This article finds that non-controlling minority shareholdings among competitors lower the sustainability of collusion. This is the case under an even greater variety of situations than was indicated by earlier literature. The collusion destabilizing effect of minority shareholdings is mainly...
Persistent link: https://www.econbiz.de/10011524013
We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the Antitrust Agency (AA …) cannot observe a proposed merger's efficiency type. Provided the AA follows a consumer surplus standard, an efficient merger …
Persistent link: https://www.econbiz.de/10011414129
Non-controlling minority shareholdings in rivals (NCMS) lower the sus- tainability 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...
Persistent link: https://www.econbiz.de/10011992347
scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10012421242
scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10012426540
that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax. …
Persistent link: https://www.econbiz.de/10012668490
. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from …
Persistent link: https://www.econbiz.de/10010343946
Mergers and acquisitions shape industry competition. Effective merger remedies are important for market efficiency and …-phase, bifurcated merger control system. This system integrates ex-ante processes with more systematic and comprehensive ex … merger control in dynamic markets. …
Persistent link: https://www.econbiz.de/10014376055