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rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …
Persistent link: https://www.econbiz.de/10010333760
of antitrust rules, and the literature based on the analysis of hard data. We finally argue that the most challenging …
Persistent link: https://www.econbiz.de/10010333768
Mergers that substantially lessen competition are challenged by antitrust authorities. Instead of blocking … mergers that were under the European Commission's scrutiny from 1990 to 2002. We use an event study methodology to identify … the potential anticompetitive effects of mergers as well as the remedial provisions on these transactions. Stock market …
Persistent link: https://www.econbiz.de/10010333835
tools; and 4) deterrence of anti-competitive mergers. To infer the economic impact of the merger policy reform, we compare …
Persistent link: https://www.econbiz.de/10010334119
A merger between two innovation competitors is often suspected to reduce the variety of heterogeneous entities which are currently undertaking R&D or which are well situated to undertake R&D in a certain field. The consequential reduction of diversity can be detrimental to innovation because it...
Persistent link: https://www.econbiz.de/10010335876
sector. Market structures and the relative importance of the three classical antitrust areas for banking are discussed … authorities in the review of bank mergers for the G-7 industrialised countries. A wide variety of approaches emerges, with some …
Persistent link: https://www.econbiz.de/10011604192
Islamic finance is based on ethical principles in line with Islamic religious law. Despite its low share of the global financial market, Islamic finance has been one of this sector’s fastest growing components over the last decades and has gained further momentum in the wake of the financial...
Persistent link: https://www.econbiz.de/10011606298
This study evaluates the usefulness of different modifications of empirical models estimating the so-called Boone indicator for capturing changes in the intensity of competition. We use as “natural experiments” in this evaluation data from three cartel cases: i) international elevators and...
Persistent link: https://www.econbiz.de/10012037568
including antitrust, copyright, patents, trademarks, employment and labor relations as well as contracts. The process of filing …
Persistent link: https://www.econbiz.de/10012056326
In Katsoulacos et al. (2015) we examined the welfare properties of a number of monetary penalty regimes for tackling cartels, including revenue-based penalties, the most widely used regime. We showed that for a typical industry overcharge–based penalties welfare-dominate the others. However...
Persistent link: https://www.econbiz.de/10011819513