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Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...
Persistent link: https://www.econbiz.de/10012668490
Mergers that increase labor market concentration can enhance firms’ labor market power or promote efficiency through …
Persistent link: https://www.econbiz.de/10013310297
Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...
Persistent link: https://www.econbiz.de/10012659077
Efficiency defence and merger remedies are key components in most merger control regimes. Although in many … jurisdictions both the provision of efficiency-related evidence and remedy offers are at the merging firms' discretion, most … firms face in merger litigation where they are allowed to choose what combination of efficiency claims and settlement offers …
Persistent link: https://www.econbiz.de/10013087205
The pharmaceutical M&As in emerging markets may jeopardies cheap access to generics. This may be a motivation for policy makers to use competition law as a tool to deter cross-border M&As. Additionally, M&As in pharmaceutical sector may also give rise to certain efficiencies. However, it is not...
Persistent link: https://www.econbiz.de/10012994180
administrable legal approach to efficiency enhancing mergers. In this regard, horizontal hospital mergers present particularly … parallels to an efficiency analysis of quality under rule of reason analysis, in which the essay offers examples of resale price …
Persistent link: https://www.econbiz.de/10014141191
The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates the decentralized coordination mechanism inherent in all...
Persistent link: https://www.econbiz.de/10014536299
Economic dynamism is fundamental to productivity and living standards. Several important metrics suggest that the Australian economy has become less dynamic over recent decades. The share of workers starting a new job has fallen. Among employing businesses, the start‐ up rate has declined. On...
Persistent link: https://www.econbiz.de/10013457673
The correct definition of the product market and of the geographic market is a prerequisite for assessing market structures in antitrust cases. For hospital markets, both dimensions are controversially discussed in the literature. Using data for the German hospital market we aim at elaborating...
Persistent link: https://www.econbiz.de/10010526943
This study estimates the price effects of horizontal mergers in the U.S. grocery retailing industry. We examine fourteen regions affected by mergers including both highly concentrated and relatively unconcentrated markets. We identify price effects by comparing markets affected by mergers to...
Persistent link: https://www.econbiz.de/10013089309