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The domestic airline merger phenomenon of the late 1980s and early 1990s sparked a great deal of Industrial Organization (IO) literature; yet, that literature neglected non-US domestic mergers and potential for international competitive gains. Using an International Business perspective to...
Persistent link: https://www.econbiz.de/10010278121
Motivated by the general lack of empirical scholarship concerning the crossnational environment for competition policy, I present measures here of the overall resources dedicated to competition policy and the merger policy workload for thirty-two antitrust jurisdictions over the 1992-2007...
Persistent link: https://www.econbiz.de/10010278168
The strategic management literature has found it difficult to differentiate between collusive and efficiency-based synergies in horizontal merger activity. We propose a schematic to classify mergers that yields more information on merger types and merger effects, and that can, moreover,...
Persistent link: https://www.econbiz.de/10010280555
It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue that it is beneficial to be a nonmerging rival firm to a large horizontal merger. Using a sample of mergers with expert-identification of relevant rivals and the event-study...
Persistent link: https://www.econbiz.de/10010280623
We show that the number of merger proposals (frequency-based deterrence) is a more appropriate indicator of underlying changes in merger policy than the relative anti-competitiveness of merger proposals (composition-based deterrence). This has strong implications for the empirical analysis of...
Persistent link: https://www.econbiz.de/10010280624
The much-studied relationship between domestic rivalry and export performance consists of those supporting a national-champion rationale, and those supporting a rivalry rationale. While the empirical literature generally supports the positive effects of domestic rivalry, the national-champion...
Persistent link: https://www.econbiz.de/10010280625
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This discussion paper resulted in an article in the 'Journal of Law Economics & Organization' (2013). Volume 29(5), pages 1114-1144.<P> We estimate the deterrence effects of U.S. merger policy instruments with respect tothe composition and frequency of future merger notifications. Data from the...</p>
Persistent link: https://www.econbiz.de/10011257501