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Efficiency defence and merger remedies are key components in most merger control regimes. Although in many … firms face in merger litigation where they are allowed to choose what combination of efficiency claims and settlement offers … jurisdictions both the provision of efficiency-related evidence and remedy offers are at the merging firms' discretion, most …
Persistent link: https://www.econbiz.de/10013087205
merger. We include model-based, merger-specific cost efficiencies in a tractable manner and extend the standard UPP … gains in prediction of post-merger prices, and there are substantial gains in merger screening accuracy as well. Moreover …
Persistent link: https://www.econbiz.de/10012825093
theoretical analysis of the merger's price effect based on the amount of cost savings it generates, the behavior of outsider … platforms, and the size of cross-group network effects. We point out differences as compared with the standard, one-sided merger … analysis, and also discuss the merger control policy implications …
Persistent link: https://www.econbiz.de/10013046101
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
This paper argues that it cannot be taken for granted that any merger that raises consumer surplus also increases … merger can raise consumer surplus while harming social welfare. Within this framework, we show that such an outcome depends … on two conditions: the merger is between small firms (i.e., relatively inefficient firms) and it reduces concentration …
Persistent link: https://www.econbiz.de/10012628987
their tendency to raise prices. Yet efficiencies are said to be rarely decisive in actual merger decision-making. Moreover …, the economic analysis of merger efficiencies lags far behind that of anticompetitive effects. This article addresses this … analytical gap, drawing attention to the merger specificity of both efficiencies and anticompetitive effects, the teachings of …
Persistent link: https://www.econbiz.de/10013237386
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/10012668490
of the same magnitude have an equivalent impact on the post-merger market in terms of output and welfare. Consequently … impact of a merger. We demonstrate how various techniques for evaluating the impact of mergers – compensating marginal cost … reductions, upward pricing pressure, and merger simulation – can be readily adapted to incorporate demand side as well as supply …
Persistent link: https://www.econbiz.de/10014199511
competition will be more than offset by the efficiencies that the merger would generate. This roundtable explored some of the … incorporate efficiencies in merger analysis. That reluctance is even greater with respect to dynamic efficiencies than it is with … respect to static ones. The reason is that even in a static analysis, determining whether a merger is likely to lead to …
Persistent link: https://www.econbiz.de/10014217475
Consolidation via merger both from hospital-to-hospital mergers and from hospital acquisitions of physician groups is … acquisition of a physician group by a hospital — is the merger horizontal, vertical, or potentially both? In undertaking this … in the context of ACOs. Indeed, in St. Luke’s the Ninth Circuit suggests that integration short of full merger was a …
Persistent link: https://www.econbiz.de/10014128704