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many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market … scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10012426540
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
We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the antitrust agency … induces strictly price-decreasing mergers. Finally, under incomplete information an effcient merger type is to be doomed to …
Persistent link: https://www.econbiz.de/10010340565
We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the Antitrust Agency (AA …) cannot observe a proposed merger's efficiency type. Provided the AA follows a consumer surplus standard, an efficient merger …
Persistent link: https://www.econbiz.de/10011414129
This paper studies the coordinated effects of the merger between American Airlines and USAirways by examining the … extent to which the connecting prices of the nonmerging legacy carriers(Delta and United) evolved when the merger eliminated … potential importance of connecting services in merger analysis in the airlineindustry …
Persistent link: https://www.econbiz.de/10012602648
Antitrust authorities all over the world are concerned if a particularly aggressive competitor, a "maverick", is bought …
Persistent link: https://www.econbiz.de/10009779217
This paper empirically evaluates the price effects of the merger of two major book retail chains in the UK: Waterstone … information on a sample of 200 books sold in 60 stores in 50 different local markets for a period of four years around the merger … prices, we undertake an ex-post assessment of the impact of the merger at both levels. At the local level, we compare the …
Persistent link: https://www.econbiz.de/10009763587
This paper empirically evaluates the price effects of the merger of two major book retail chains in the UK: Waterstone … information on a sample of 200 books sold in 60 stores in 50 different local markets for a period of four years around the merger … prices, we undertake an ex-post assessment of the impact of the merger at both levels. At the local level, we compare the …
Persistent link: https://www.econbiz.de/10009771895
This paper empirically evaluates the effects of a merger between the two largest book retail chains in the UK. We build … difference-in-differences techniques to assess the impact of the merger. A key feature of the books market is that titles become … obsolete very quickly. Therefore, we compare different titles before and after the merger in an hedonic approach. Since retail …
Persistent link: https://www.econbiz.de/10010342135
outcomes, and recommends tighter merger regulation. Since the works of both have been used to support more aggressive antitrust …
Persistent link: https://www.econbiz.de/10012944581