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 …

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

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

This paper examines whether cartel breakdown provokes a period of intensive merger activity amongst the former … sample of 84 European cartels, it finds that mergers are indeed more frequent post-cartel breakdown, especially in markets … effects - alternatively, they may be the consequence of market restructuring, necessitated by more intense competition post-cartel …

outcomes, and recommends tighter merger regulation. Since the works of both have been used to support more aggressive antitrust …

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

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 … mergers and economic theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action …

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 …