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 …

hypotheses on the effects that remedies are supposed to achieve depending on the merger’s competitive outcome. We isolate several … Behörden beschließen, mit den Parteien zu verhandeln und die Fusion mit Auflagen zu genehmigen, durch die der Wettbewerb in den …Mergers that substantially lessen competition are challenged by antitrust authorities. Instead of blocking …

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 …

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 to anticompetitive … assess merger control’s effectiveness. By using data gathered from several sources and employing different evaluation …

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 …

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 …

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 …

. We contrast a measure of the merger’s profitability based on event studies with one based on accounting data. We find …" basierende Rentabilitätsmaß der Fusion zu einer alternativen Maß, die durch Bilanzdaten konstruiert wurde. Wir finden, dass diese …