Mergers that substantially lessen competition are challenged by antitrust authorities. Instead of blocking … to proceed with modifications that restore or preserve the competition in the involved markets. We study a sample of 167 … the authority and the merging parties. We first classify mergers according to their effects on competition and then we …

prohibitions completely reverse the rents measured around a merger's announcement. On average, remedies seem to be only partially … the period 1990–2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if …

by the merger. Remedies are not always effective in solving the market power concerns, at least not on average …. Nevertheless, both structural (divestitures) and behavioral remedies do help restore effective competition when correctly applied … assess merger control’s effectiveness. By using data gathered from several sources and employing different evaluation …

the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …

We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock …) reversion of anti-competitive rents, and 4) deterrence. We apply this framework to 368 merger cases scrutinized by the European … Commission (EC) between 1990 and 2007. To evaluate the economic impact of the change in European merger legislation, we compare …

Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the … economic impact of the change in European merger legislation in 2004. We ?rst propose a general framework to assess merger … assessment of the merger and the merger control decision. We then focus on four different dimensions of effectiveness: 1) legal …

The objective of this paper is to investigate the determinants of EU merger control decisions. We consider a sample of … 164 EU merger control decisions and evaluate the anti-competitive consequences of these mergers from the reaction of the …>ZUSAMMENFASSUNG - (Die politische Ökonomie der europäischen Fusionskontrolle: Evidenz anhand von Aktienmarkt-Daten) <br> In diesem Beitrag …

There are legal grounds to hear competitors in merger control proceedings, and competitor involvement has gained … significance. To what extent this is economically sensible is our question. The competition authority applies some welfare standard … in EU merger cases and give an overview of the legal discussion in the EU and US. …

The role of merger control is to protect the interests of consumers over those of major corporations. To improve this … protection, European merger control underwent comprehensive reforms in 2004. The aim was to increase the importance of economic …. However, prohibiting mergers, which sends a clear signal to the market, happens all too rarely. Aufgabe der Fusionskontrolle …