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antitrust enforcement. It shows that empirical economic studies, experimental results, real-world examples, and economic theory … effective, whether through purposive or non-purposive conduct. This supports a structural merger policy, by which mergers …This article takes a fresh look at a longstanding issue in antitrust economics and policy: the problem of oligopoly …
Persistent link: https://www.econbiz.de/10012833550
dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the …We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel … definition and the complexity of the merger. Simple, linear probability models as usually applied in the literature overestimate …
Persistent link: https://www.econbiz.de/10012836941
We study the evolution of the EC's merger decision procedure over the first 25 years of European competition policy …. Using a novel dataset constructed at the level of the relevant markets and containing all merger cases over the 1990 … importance of barriers to entry and the risk of foreclosure has increased in the EC's merger assessment following the 2004 merger …
Persistent link: https://www.econbiz.de/10012889198
law. This is so even though substantive merger law is relatively well settled, most mergers are not anticompetitive, and … suboptimal relief for) an inefficiently large number of anticompetitive mergers. Examination of other advanced merger review …The institutional design of federal merger review in the United States leads to systematic underenforcement of merger …
Persistent link: https://www.econbiz.de/10012772028
It is hardly news to note that companies around the world have recently engaged in an escalating arms race with respect … the negative effects of big-data mergers, by counterweighing their possible competition law risks against their efficiency … gains. It will then analyze the merger control review of data-driven transactions based on the precedents of the European …
Persistent link: https://www.econbiz.de/10012869381
European Commission since 2004, as well as two major gas-electricity mergers in Spain over roughly the same period. Merger …This article surveys, from an economic perspective, the recent application of merger control in the European energy …
Persistent link: https://www.econbiz.de/10012977655
This paper contributes to the analysis of mergers in two-sided markets, notably those in which a platform provides its … assess a decision of the French competition authority which approved the merger of the broadcasting services of the TV … channels involved but imposed a behavioral remedy prohibiting the merger of their respective advertising sales services. To do …
Persistent link: https://www.econbiz.de/10012852507
Merging firms regularly argue that mergers involving capacity-constrained firms are unlikelyto be anticompetitive … pressure from binding capacity constraints, in addition to standard merger effects. We show that the pricing pressure terms … underlying ccGUPPI, calculated using pre-merger data, are sufficient to determine whether a merger of capacity-constrained firms …
Persistent link: https://www.econbiz.de/10013233638
principles informing merger policy such as the presumed profitability of mergers for the merging firms and the merger … concentration indices for screening out unproblematic from potentially harmful mergers. The incremental effect of a merger taking … of the merger deal. Accordingly, merger enforcement should shift towards more fact-specific analysis and antitrust …
Persistent link: https://www.econbiz.de/10013234688
Many economists believe that unilateral effects analysis should dominate the merger review process for differentiated … merger review process …
Persistent link: https://www.econbiz.de/10013060332