Showing 71 - 80 of 156
The paper highlights the main drivers for merger policy reform in the European Union, including the consequences of the recent appeal court reverses. It discusses some of the substantive and procedural issues that the reform package should address, and outlines the reforms in progress. The...
Persistent link: https://www.econbiz.de/10014071639
Persistent link: https://www.econbiz.de/10013493814
This paper provides an assessment of EC merger policy from three perspectives. First, it places the evolution of merger policy alongside the evolution of economic ideas in relation to competition and industrial organisation. Second, it highlights recent developments in the practical economic...
Persistent link: https://www.econbiz.de/10004968076
Why do all the rules of good competition policy appear to fly out of the window when the banks get into trouble?
Persistent link: https://www.econbiz.de/10008541207
Monopoly pricing is a textbook market failure that is taught in the first year of any economics course. The implied welfare loss (or ‘exploitative abuse’) justifies a whole range of competition policy towards cartels, mergers and regulated industries. Yet there is widespread hostility to...
Persistent link: https://www.econbiz.de/10005051186
This paper provides a first attempt to understand how outcomes are determined by the standard institutions of merger control. In particular, we focus on the internationally standard 2-phase investigation structure and remedy negotiations of the form practiced by the EC. We find that there are...
Persistent link: https://www.econbiz.de/10005032054
Unlike previous cross-section studies which test predictions from the theory of industrial structure, we do not make an ex ante assumption about the geographical market at which competition takes place. We develop an econometric technique that endogenously determines whether the EU or member...
Persistent link: https://www.econbiz.de/10005683109
The speed of market penetration (i.e. diffusion) is an important summary measure of how well the market works for potential consumers of a new product. This paper identifies the structural features associated with rapid diffusion of mobile telephony. We use a sample of thirty countries over the...
Persistent link: https://www.econbiz.de/10010594867
There is considerable debate about the alternative economic approaches to merger control taken by competition authorities. However, differences in economic analysis are not the only reason for alternative decisions. We conduct an experiment in decision making in the context of merger appraisal,...
Persistent link: https://www.econbiz.de/10010571504
This book fills an important gap in our knowledge of the organization of EU manufacturing industry. At the empirical level, it draws on a newly constructed micro-level database (the European market share matrix) to present the first ever comprehensive picture of the concentration, integration,...
Persistent link: https://www.econbiz.de/10008920860