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The paper studies the effects of the Pfizer and Pharmacia (2003) merger on competition in the Swiss pharmaceutical … market and compares the assessment of the Swiss Competition Commission (COMCO) with the post-merger market developments. We … find that the merger has had a miniscule impact on the Swiss pharmaceutical market. This has primarily to do with the fact …
Persistent link: https://www.econbiz.de/10013067970
The use of conduct remedies in merger enforcement raises a number of serious issues, and it may be difficult or …
Persistent link: https://www.econbiz.de/10013074794
China's merger enforcement agency approved the Google/Motorola merger with conditions. This pattern of approval is not … protect domestic industry. In investigating the Chinese merger agency's decision and the basis for its decision making, this …, although the decision makers are less experienced, their decisions are based on Chinese competition law and market realities …
Persistent link: https://www.econbiz.de/10012963117
competition policy is likely to face more challenges as large companies are becoming more common in more and more industries. …
Persistent link: https://www.econbiz.de/10013166348
differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger …. We allow the merger responses to vary across firms, even after controlling for regressors, and apply a random …
Persistent link: https://www.econbiz.de/10012951286
There are legal grounds to hear competitors in merger control proceedings, and competitor involvement has gained … significance. To what extent this is economically sensible is the focus of our game-theoretic analysis. The competition authority … of competitor involvement in EU merger cases and give an overview of the legal discussion in the EU and US …
Persistent link: https://www.econbiz.de/10012904429
This paper looks at whether the standard unilateral effects model can be applied to non-price competition parameters … such as innovation. This question arises because competition authorities are intervening in horizontal mergers that are … found to give rise to a “significant impediment to effective innovation competition” (“SIEIC”) as a result of a reduction in …
Persistent link: https://www.econbiz.de/10012852989
finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather … is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the …
Persistent link: https://www.econbiz.de/10013020744
Persistent link: https://www.econbiz.de/10012796058
Persistent link: https://www.econbiz.de/10012655866