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 …

guidelines reflect a substantial consensus on the appropriate template for merger assessment. Nevertheless, official protocols …

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 …

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 …

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 …

marginal costs are nondecreasing, any profitable merger failing to generate technological synergies must harm consumers through … differentiated and firms compete in prices. The implications for merger policy are discussed …

Recent merger decisions by competition authorities have revived the debate on the relationship between competition and … competition assessment of the impact of a merger on dynamic competition, including its effects on innovation …