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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
-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 European merger control, which does not allow the merging parties …
Persistent link: https://www.econbiz.de/10005645361
. This development is documented by various research papers, high-level exchanges between antitrust experts as well as an … horizontal mergers and to discuss applications of critical loss analysis in recent cases. The results suggest that the …
Persistent link: https://www.econbiz.de/10008474669
Abstract: We review the burgeoning literature on two-sided markets focusing on the different definitions that have been proposed. In particular, we show that the well-known definition given by Evans is a particular case of the more general definition proposed by Rochet and Tirole. We then...
Persistent link: https://www.econbiz.de/10011093273
We review the burgeoning literature on two-sided markets focusing on the different definitions that have been proposed. In particular, we show how the well-known definition given by Evans is a particular case of the more general definition proposed by Rochet and Tirole. We then identify the...
Persistent link: https://www.econbiz.de/10010857756
uncovers new effects. First, exclusive deals can be used to improve the incumbent’s bargaining position in the merger … installing new capacity. Third, exclusive dealing reduces welfare because (i) it may trigger entry through merger whereas de novo …
Persistent link: https://www.econbiz.de/10005504295
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 European merger control, which does not allow the merging parties …
Persistent link: https://www.econbiz.de/10005670113
employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is …, nevertheless, still a very young and innovative instrument of antitrust and, therefore, its ‘technical’ potential is far from being … comprehensively exploited and teething problems in its practical use in the antitrust environment prevail. We provide a classification …
Persistent link: https://www.econbiz.de/10005652884
appropriate simulation model for any given merger proposal. Due to the inevitable necessity to reduce real-world complexity and …Advanced economic instruments like simulation models are enjoying an increased popularity in practical antitrust. There … multi-parameter character of merger cases, the comparative fit of proposed merger simulation models with mutually …
Persistent link: https://www.econbiz.de/10005652888