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This is a commentary of the judgement of the General Court of 12 December 2018 which dismissed the appeal brought by the French broadcaster Groupe Canal + against the Commission’s decision accepting the commitments offered by Paramount in the cross-border pay-TV case (AT.40023). This ruling...
Persistent link: https://www.econbiz.de/10014103338
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 …
Persistent link: https://www.econbiz.de/10011316395
assess merger control's effectiveness. By using data gathered from several sources and employing different evaluation … techniques, we analyze the economic effects of the European Commission's (EC) merger control decisions and distinguish between … merging and rival firms' stocks to quantify the profitability effects of mergers and merger control decisions. We back up our …
Persistent link: https://www.econbiz.de/10010365889
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 …
Persistent link: https://www.econbiz.de/10008939212
The Intercontinental Exchange's current attempted acquisition of NYSE-Euronext is the third takeover proposal in as …
Persistent link: https://www.econbiz.de/10013077633
The antitrust laws of the United States have, from their inception, allowed firms to acquire significant market power, to charge prices that reflect that market power, and to enjoy supra-competitive returns. This article shows that this policy, which was established by the U.S. Congress and...
Persistent link: https://www.econbiz.de/10014214312
's proposed acquisition of DoubleClick. According to the Federal Trade Commission and Department of Justice Horizontal Merger …
Persistent link: https://www.econbiz.de/10014224011
A great merger wave occurring in the United States between 1897 and 1903 was the single most important event in a … dispersed share ownership. The merger wave of 1897 to 1903 illustrates that surges in demand for shares founded upon optimistic …
Persistent link: https://www.econbiz.de/10014103270
merger control provision, the effects on competition of such transactions can be nevertheless vetted on the ground of …
Persistent link: https://www.econbiz.de/10013296566
The prohibition of certain types of anticompetitive unilateral conduct by firms possessing a substantial degree of market power is a cornerstone of competition law regimes worldwide. Yet notwithstanding the social costs of monopoly modern legal regimes refrain from prohibiting it outright....
Persistent link: https://www.econbiz.de/10014045843