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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
current world economic order, i.e. the lack of supranational governance of private international restrictions to market … the selection and appointment of appropriate lead jurisdictions for concrete cross-border antitrust cases, while the … substantive treatment remains within the competence of the existing national and regional antitrust regimes. This contribution is …
Persistent link: https://www.econbiz.de/10005642089
current world economic order, i.e. the supranational governance of private international restrictions to market competition … selection and appointment of appropriate lead jurisdictions for concrete cross-border antitrust cases, while the substantive … treatment remains within the competence of the existing national and regional-supranational antitrust regimes. …
Persistent link: https://www.econbiz.de/10008671358
Institute for the World Economy and at the Düsseldorf Institute for Competition Economics (DICE) for valuable comments on …
Persistent link: https://www.econbiz.de/10008596666
With the "more economic approach" the EU is taking a new tack on merger control policy. This is visible not only in the new SIEC prohibition criterion and the criteria for appraising horizontal mergers but also in more recent decision-making practice. Greater legal certainty, on the one hand,...
Persistent link: https://www.econbiz.de/10008677260
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
-theoretic oligopoly theory, has become the dominating paradigm both in the U.S. (since the 1990s Post-Chicago movement) and in the EU (so …-called more economic approach in the 2000s). This contribution reviews the state of the art in antitrust-oriented modern … industrial economics and, in particular, critically discusses open questions and possible limits of basing antitrust on modern …
Persistent link: https://www.econbiz.de/10005078992
This report studies the importance of efficiency gains from horizontal mergers. A general theme throughout this report is that efficiency gains, and their pass-on to consumers, may vary substantially from merger to merger. For this reason it seems appropriate to reconsider current practice in...
Persistent link: https://www.econbiz.de/10005645361