We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel …

merger agreements have therefore shifted from generally favoring sellers to favoring buyers.Whether the recent trend toward … buyer-friendly merger covenants has also affected antitrust risk-shifting provisions has not yet been examined. We surveyed … the 30 largest largest merger agreements from 2007 and 2008 to identify any patterns or trends in antitrust risk …

without any merger scrutiny. The theoretical basis of this recommendation is the ‘failing firm defence’ which allows parties … merger. This paper assesses the advisability of green-channelling IRPs through the lens of competition law. It examines the …

Should internet era merger policy differ from industrial era merger policy? Platform ecosystems rely on economies of … traditional merger policy tools. This paper examines the acquisition strategies of the five major U.S. platforms—Google, Amazon …, Facebook, Apple, and Microsoft— since their inception. We discuss the main merger and acquisition theories of harm and how …

Australia’s merger control regime recently returned to spotlight following recent statements by Chair of Australia …’s Competition and Consumer Commission (ACCC), Rod Sims, that Australia’s current merger laws are ‘failing to adequately protect … competition’. This note provides an overview of the development of Australia's current merger laws and an evaluation of the ACCCs …

This Article explores the 2010 merger of United Airlines and Continental Airlines - which usurped Delta's briefly …-held title as the world's largest airline - as well as the failed merger of Greece's two largest airlines, Olympic Air and Aegean … United and Continental merger, explaining pertinent portions of each airline's corporate history over the past 10 years …

the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …

Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the … economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger … assessment of the merger and the merger control decision. We then focus on four different dimensions of effectiveness: 1) legal …

The duration of merger proceedings held by competition authorities is an important determinant of the efficiency of the … entire merger control process. We use a dataset of 2953 Phase I and 92 Phase II investigations completed by the European … also provide evidence that the significant increase in average duration identified after the 2004 merger regulation reform …