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-held title as the world's largest airline - as well as the failed merger of Greece's two largest airlines, Olympic Air and Aegean …This Article explores the 2010 merger of United Airlines and Continental Airlines - which usurped Delta's briefly … Airlines, and the antitrust considerations associated with each of these transactions. Part II of this Article details the …
Persistent link: https://www.econbiz.de/10013114723
these multi-sided companies along with each company's most important market segments. We then track their mergers and …
Persistent link: https://www.econbiz.de/10012842674
considerations discussed publicly by the antitrust agencies in the most recent mergers involving Internet-based products and services …Antitrust enforcement in technology industries can be challenging: historical market information may have limited …. We structure our discussion around the fundamentals of merger analysis: market definition, competitive effects, entry …
Persistent link: https://www.econbiz.de/10014173148
We model merger control procedures as a process of sequential acquisition of information and compare US and EU … that for global mergers that have the same effect in the two jurisdictions, a decision to trigger a Phase II in the EU …
Persistent link: https://www.econbiz.de/10010429873
We model merger control procedures as a process of sequential acquisition of information in which mergers can be …
Persistent link: https://www.econbiz.de/10011927442
adversarial system, the Antitrust Authority may try to prohibit mergers also in those cases in which litigation is inefficient …We consider antitrust enforcement within the adversarial model used by the United States. We show that, under the …. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from …
Persistent link: https://www.econbiz.de/10010343946
. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the …We analyze horizontal mergers when the acquirer holds a passive partial ownership stake (PPO) in the target firm prior … to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …
Persistent link: https://www.econbiz.de/10009788178
this restrictive assumption and allow for unprofitable mergers to occur. This exerts a considerable impact on merger policy …Standard analysis of mergers in oligopolies along the lines of the popular Farrell-Shapiro Framework (FSF) relies …, regarding its policy conclusions, on the assumption that rational agents will only propose privately profitable mergers. If this …
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 …Standard analysis of mergers in oligopolies along the lines of the popular Farrell-Shapiro-Framework (FSF) relies …
Persistent link: https://www.econbiz.de/10011492104
Digital platforms are at the heart of online economic activity, connecting multi-sided markets of producers and … the role of market competition and regulation in addressing these concerns. Traditional (ex-post) antitrust intervention … framework. Antitrust tools should focus on value creation and its distribution before focusing on competition. The scope of …
Persistent link: https://www.econbiz.de/10012833267