Towards the end of 2008 the global crisis initiated to manifest itself in international trade. In this paper we show that the slump in global demand and the slowing-down in economic growth translated into a substantial reduction in international trade that has affected the cross-border trade of...

Since the very beginning of antitrsut legislation, microeconomics has influenced the context as well as the implementation of the law. Because economic development is in nature very cyclical, merger policy can not be static, being influenced also by the development of economic theory. There are...

In this paper we analyze the evolution of mergers and acquisitions operations after 2007 to the present. This analysis will be detailed by regions and sectors. We notice an irregular trajectory of this evolution, with ups and downs, and so 2014 should be one characterized by a slight increase in...

In this paper I have examined the trade effects of European integration, analising four phases in the process of European integration. The first one (up to 1973) can be seen as an example of "traditional" regional integration, where the main effects stem from the reduction of formal tariff...

In a closed economy, the speed and pattern of economic development is determined by the labour, capital, natural resources and technology available in the domestic economy. This has implications for all five drivers of productivity growth. Competition is limited by the number of firms that are...

The economics of market concentration and antitrust law have a long-lasting tradition of fruitful interaction. In static neoclassical theory, market concentration - irrespective of the reasons of it – was considered harmful. Later, adherents of the Harvard School correctly observed a...

Laws designed to protect/generate competition to varying extents have appeared in most parts of the world. In Europe such competition policies mainly emerged after the Second World War, not only at the national level but also at the supra-national level. From a governance perspective,...