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anticompetitive effects tends to be larger, the larger is the increase in concentration caused by the merger. As market concentration … is more easily measured than the post-merger equilibrium (which is unobserved ex ante), the use of concentration screens …. That is, they do not inform how a change in concentration from a merger would affect prices. Courts and other policy …
Persistent link: https://www.econbiz.de/10013308586
conduct merger simulations and why there are important antitrust issues related to integrating merging parties’ pricing … effects in a merger context.- Remedies. Why data compatibility and collusion risk are important considerations when “divesting …
Persistent link: https://www.econbiz.de/10013308806
attack mergers raises the question of whether merger enforcement has been ineffective. But there is another explanation. The … developed when it comes to mergers involving nascent competitors. Merger analysis under Hart-Scott-Rodino is a predictive … been anticompetitive and cemented dominance. The forthcoming revisions to the merger guidelines hopefully will address some …
Persistent link: https://www.econbiz.de/10014359055
Mergers and acquisitions shape industry competition. Effective merger remedies are important for market efficiency and …-phase, bifurcated merger control system. This system integrates ex-ante processes with more systematic and comprehensive ex … merger control in dynamic markets. …
Persistent link: https://www.econbiz.de/10014376055
of the efficiencies relevant to a potentially problematic merger. Although numerous articles address efficiencies from a …, verification, and merger specificity) and the balancing of anticompetitive effects with efficiencies are considered. Although the …
Persistent link: https://www.econbiz.de/10013405863
In FTC v. Lundbeck, courts rejected a challenge to an acquisition placing under common control the only two drugs for treating a heart defect in newborns. Although the court decisions in the case have been severely criticized, they might well have achieved the right result for the right reason....
Persistent link: https://www.econbiz.de/10013110401
assumption were held, a positive external effect of a proposed merger would represent a sufficient condition to allow the merger … theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action. Therefore, we drop … this restrictive assumption and allow for unprofitable mergers to occur. This exerts a considerable impact on merger policy …
Persistent link: https://www.econbiz.de/10011452858
that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission's merger enforcement being too lax. …
Persistent link: https://www.econbiz.de/10012659077
heavy evidentiary burdens if they sought to break a company up on the premise that a long-consummated merger was unlawful … would likely be more competitive than the actual world; (2) that their basis for unwinding the merger was sufficiently … foreseeable at the time of consummation that the merger could have been challenged then: and (3) that the prospective benefits of …
Persistent link: https://www.econbiz.de/10012846800
The paper provides a comprehensive survey of the economics behind the fight against hard core cartels. Differentiating between four subsequent stages – characterisation, welfare effects, enforcement and evaluation – the paper pays particular attention to cartel detection methods, the...
Persistent link: https://www.econbiz.de/10008701356