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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 …
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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
We analyze evidence production in merger control as a delegation problem in an inquisitorial competition policy system …. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its … implemented only after evidence on the efficiency of a merger proposal has been produced. …
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Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be … profitable. The profitability depends on the post-merger contest st ructure, the discriminatory power of the contest and on the …
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Antitrust authorities all over the world are concerned if a particularly aggressive competitor, a "maverick", is bought out of the market. One plausible determinant of acting as a maverick is behavioral: the maverick derives utility from acting competitively. We test this conjecture in the lab....
Persistent link: https://www.econbiz.de/10009779217
. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from …
Persistent link: https://www.econbiz.de/10010343946