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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 …
Persistent link: https://www.econbiz.de/10010365889
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 …
Persistent link: https://www.econbiz.de/10008939212
concentrations during the period 1990-2002 to assess the effectiveness of European merger control. We analyze the economic effects of … the European Commission's merger control decisions and distinguish between prohibitions, clearances with commitments … quantify the profitability effects of mergers and merger control decisions. The basic idea is to relate announcement and …
Persistent link: https://www.econbiz.de/10014056772
prohibitions completely reverse the rents measured around a merger's announcement. On average, remedies seem to be only partially … Commission appears to learn over time. -- Merger Control ; Remedies ; European Commission ; Event Studies … the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and …
Persistent link: https://www.econbiz.de/10008855860
, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find …
Persistent link: https://www.econbiz.de/10010365892
Persistent link: https://www.econbiz.de/10009316352
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sign and magnitude of stock movements to particular merger announcements. A common method of conducting the event study is …
Persistent link: https://www.econbiz.de/10014026837
There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited … reviewing the use and challenges of event studies in merger analysis, I use a novel application of Hoberg-Phillips (2010, 2016 ….S. mergers between 1997 and 2017. I document that following a merger announcement, the most likely competitors experience on …
Persistent link: https://www.econbiz.de/10012161053
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