The paper will attempt to describe and critically analyse efficiencies' regulation in horizontal merger control at both …

We analyze the efficiency defense in merger control. First, we show that the relationship between exogenous efficiency … Mergers ; Efficiency Defense ; Merger Specific Efficiencies … find that merger proposals are largely aligned with a proper social welfare analysis which explicitly considers the without …

of the efficiencies relevant to a potentially problematic merger. Although numerous articles address efficiencies from a … their efficiency presentations. A range of options for addressing the cognizability of efficiencies (focused on validity …, verification, and merger specificity) and the balancing of anticompetitive effects with efficiencies are considered. Although the …

media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine …, we address three research questions: (i) Is the current development of analyzing industry with its recent merger activity … merger control in this industry, as well as a more active abuse control against already vertically-integrated media companies. …

to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the … current EU merger control regime) invites sneaky takeovers: Acquiring firms strategically use PPOs prior to a full merger …

merger policy conclusions: while several insights of the original analysis are corroborated (f.i. efficiency defence), a … mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable …

antitrust enforcement. It shows that empirical economic studies, experimental results, real-world examples, and economic theory … effective, whether through purposive or non-purposive conduct. This supports a structural merger policy, by which mergers …

entails. It could either be a substantive factual inference based on economic theory or a procedural device for artificially … presumption as a formal rebuttable presumption, modern merger analysis needlessly complicates the use of market concentration …

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 …

that the overall impact of a merger on innovation may be either positive or negative and sheds light on the circumstances … innovation effects should be handled by competition authorities in merger control and highlight the differences with the analysis …