market power is a cornerstone of competition law regimes worldwide. Yet notwithstanding the social costs of monopoly modern …." Importantly, anticompetitive conduct can take place both on the road to monopoly and, later on, once substantial market power has …

is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the … finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather … of any theory of harm …

The Intercontinental Exchange's current attempted acquisition of NYSE-Euronext is the third takeover proposal in as …

attack mergers raises the question of whether merger enforcement has been ineffective. But there is another explanation. The … developed when it comes to mergers involving nascent competitors. Merger analysis under Hart-Scott-Rodino is a predictive … Section 2 requires a showing of monopoly power, its causation requirement is easier to meet than that of the actual potential …

Should internet era merger policy differ from industrial era merger policy? Platform ecosystems rely on economies of … traditional merger policy tools. This paper examines the acquisition strategies of the five major U.S. platforms—Google, Amazon …, Facebook, Apple, and Microsoft— since their inception. We discuss the main merger and acquisition theories of harm and how …

's proposed acquisition of DoubleClick. According to the Federal Trade Commission and Department of Justice Horizontal Merger …

consultants) anticipate the critical questions and potential paths that should be addressed regarding antitrust merger risk. This … affected merger review, investments, decision making, and counsel. The surveys also offer antitrust agencies an opportunity to … think about the optimal design of the merger control system and various consequences of certain policy choices and …

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 …

We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel …