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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 … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems …
Persistent link: https://www.econbiz.de/10003864445
We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the antitrust agency … induces strictly price-decreasing mergers. Finally, under incomplete information an effcient merger type is to be doomed to …
Persistent link: https://www.econbiz.de/10010340565
assumption were held, a positive external effect of a proposed merger would represent a sufficient condition to allow the merger … theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action. Therefore, we drop … this restrictive assumption and allow for unprofitable mergers to occur. This exerts a considerable impact on merger policy …
Persistent link: https://www.econbiz.de/10011452858
mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable … mergers and economic theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action …
Persistent link: https://www.econbiz.de/10011492104
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
orientation. Individuals who are rivalistic in an allocation task indeed bid more aggressively in a laboratory oligopoly market …
Persistent link: https://www.econbiz.de/10009779217
employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …
Persistent link: https://www.econbiz.de/10010321675
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 … of any theory of harm …
Persistent link: https://www.econbiz.de/10013020744
of the working mechanisms of the merger simulation tool and then evaluate its implementation in competition policy … promises and downsides of merger simulations as a tool of computational antitrust. In doing this, we first provide an overview … to reap considerable prospects of merger simulations as a computational antitrust tool …
Persistent link: https://www.econbiz.de/10014083491
appropriate simulation model for any given merger proposal. Due to the inevitable necessity to reduce real-world complexity and … multi-parameter character of merger cases, the comparative fit of proposed merger simulation models with mutually …, simulation cannot eliminate or substitute for qualitative reasoning and economically informed common sense. -- merger simulation …
Persistent link: https://www.econbiz.de/10003864436