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the governance of international antitrust cases. Thus, lead jurisdiction models offer considerable economic benefits …
Persistent link: https://www.econbiz.de/10010957569
The paper discussed the economic theory of international antitrust institutions. Economic theory shows that non … of antitrust institutions and policies promotes dynamic and evolutionary efficiency so that globally binding, worldwide … homogenous competition rules do not represent a first-best solution either. After reviewing the existing international antitrust …
Persistent link: https://www.econbiz.de/10010957571
In this paper, we analyse data on global M&A deals for the last four years, from 2007 to 2010 to understand what are the trends and to answer the question - does a global financial slowdown increase the number of mergers or decrease it? We find that the number of mergers across the globe has...
Persistent link: https://www.econbiz.de/10010632353
In a series of recent cases - most notably in TeliaSonera and Post Danmark - the equally efficient competitor principle has been explicitly recognised by the Court of Justice of the EU; more clearly so than by courts in the US, where the principle originates. However the exact scope of...
Persistent link: https://www.econbiz.de/10011277368
Competition policy investigations usually commence with a definition of the relevant product and geographic market. The relevant market provides a first evaluation of competitive conditions and allows for the calculation of market shares, which aids in the assessment of firms’ market power....
Persistent link: https://www.econbiz.de/10010659633
There is a strong presumption among economists that domestic reforms are promoted by regionalism. Yet strong empirical evidence for this proposition is lacking. This paper examines both the theoretical arguments and empirical evidence on this issue, drawing on the relevant economic, political,...
Persistent link: https://www.econbiz.de/10010991096
There is a strong presumption among economists that domestic reforms are promoted by regionalism. Yet strong empirical evidence for this proposition is lacking. This paper examines both the theoretical arguments and empirical evidence on this issue, drawing on the relevant economic,...
Persistent link: https://www.econbiz.de/10009652187
There is a strong presumption among economists that domestic reforms are promoted by regionalism. Yet strong empirical evidence for this proposition is lacking. The purpose of the paper is to examine in some detail both the theoretical arguments and empirical evidence on this issue, drawing on...
Persistent link: https://www.econbiz.de/10009293750
The European Union (EU) failed repeatedly to hold Greece accountable for violations of the Treaties it signed over the past five decades. In particular, the EU not only did not express reservations in the face of these violations, but on two crucial occasions, in 1979 and again in 2000, it even...
Persistent link: https://www.econbiz.de/10011111462
In the past 6 years the Greek economy has gone through a massive adjustment at a steep price. The economy finally grew in 2014, by 0.6 percent, but the recovery is weak, slow and fragile. This paper argues that prolonged mass unemployment and reduced living standards, brought about by years of...
Persistent link: https://www.econbiz.de/10011162530