Search Results - subject:"Merger Control"

The Economic Impact of Merger Control : What is Special about Banking?

Carletti, Elena; Hartmann, Philipp; Ongena, Steven - 2021

-oriented regime for merger control increases banks' stock prices, whereas it decreases those of non-financial firms. Moreover, bank …

Persistent link: https://www.econbiz.de/10013316912

Merger Policy to Promote 'Global Players'? A Simple Model

Haufler, Andreas; Nielsen, Søren Bo - 2021

We use a simple framework where firms in two countries serve their respective domestic markets and a world market to analyze under which conditions cost-reducing mergers will be beneficial for the merging firms, the home country, and the world as a whole. For a national merger, the policies...

Persistent link: https://www.econbiz.de/10013318286

EU Merger Control in Differentiated Product Industries

Walsh, Patrick Paul; Mariuzzo, Franco; Whelan, Ciara - 2021

EU Merger Control Regulation No 4064/89 tended to rely on a dominance test, based on the market share of undertakings …

Persistent link: https://www.econbiz.de/10013318909

Innovation Considerations in Merger Control and Unilateral Conduct Enforcement

Kokkoris, Ioannis - 2021

Non price considerations in merger control and unilateral conduct enforcement have been elements of the competition … of innovation has characterised the European Commission’s enforcement practice. The paper looks into merger control cases … approach the European Commission takes in assessing innovation in merger control is pragmatic and appropriate for dynamic …

Persistent link: https://www.econbiz.de/10013321457

Innovation Considerations in Horizontal Merger Control

Kokkoris, Ioannis; Valletti, Tommaso M. - 2021

This paper focuses on the assessment of mergers, and in particular on unilateral effects analysis where innovation plays an important role. The paper discusses the economic theories behind innovation, how we move from the traditional product-by-product market definition to pipeline competition...

Persistent link: https://www.econbiz.de/10013321459

Assessing EU Merger Control through Compensating Efficiencies

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021

Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...

Persistent link: https://www.econbiz.de/10013321703

Killer acquisitions and beyond : policy effects on innovation strategies

Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2021 - This version: August 2020, first version: February 2020

This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other acquisitions only has a weakly negative innovation...

Persistent link: https://www.econbiz.de/10013330715

The Silent Majority Fallacy of the Elzinga-Hogarty Criteria : A Critique and New Approach to Analyzing Hospital Mergers

Capps, Cory S.; Dranove, David; Greenstein, Shane M.; … - 2021

Elzinga/Hogarty inflow/outflow analysis is a mainstay of geographic market definition in antitrust analysis. For example, U.S. antitrust agencies lost several hospital merger challenges when evidence showed that a nontrivial fraction of local patients traveled outside the local community for...

Persistent link: https://www.econbiz.de/10013311186

Merger Control in Digital Era

Zhou, Siyou - 2021

control practice. Thus in what way such mergers should be treated and evaluated in a merger control context bewilders both … due to its involvement of digital industries, from a merger control-practice angle and with referring to literatures and … of merger control in digital era and propose possible solutions to locate an optimal trade-off between public and private …

Persistent link: https://www.econbiz.de/10013312412

Paradigm Shifts on Merger Efficiencies in Antitrust Analysis

Dutra, Jessica - 2021

A common practice in merger screening is to estimate and consider market shares and concentration. However, as stated in the United States Department of Justice (“DOJ”) and Federal Trade Commission (“FTC”) Horizontal Merger Guidelines (“Guidelines”), “[m]arket shares may not fully...

Persistent link: https://www.econbiz.de/10013251663